AI Arms Race Will Lift Chip Stocks Nvidia, Broadcom, and Marvell, Says J.P. Morgan

J.P. Morgan says there are three semiconductor companies that will thrive from the rising demand for artificial-intelligence services and software.

In a note to clients on Friday, analyst Harlan Sur said


Nvidia


(ticker:


NVDA


),


Broadcom


(


AVGO


), and


Marvell Technology


(


MRVL


) are best positioned to sell their chips to technology giants building AI products. He has Overweight ratings on Nvidia and Marvell, and no rating on Broadcom.