"Bank of America's Top AI Stock Picks Beyond Nvidia: Micron, Marvell, AMD"

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Source: Yahoo Finance
"Bank of America's Top AI Stock Picks Beyond Nvidia: Micron, Marvell, AMD"
Photo: Yahoo Finance
TL;DR Summary

Bank of America analysts have identified Marvell, Micron, and AMD as potential beneficiaries of the growing demand for AI technology. Micron's price target was raised due to the potential of high bandwidth memory (HBM) products, crucial for AI applications. The analysts expect HBM demand to grow significantly, and they believe Micron could expand its market share in this area. Additionally, reports of Microsoft and OpenAI planning a massive investment in a data center for AI software have also contributed to the positive sentiment in the chip-making industry.

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