2 Stocks That Will Thrive From a Surging AI Chip Market, Says J.P. Morgan

The market opportunity for high end custom-design semiconductors used to power artificial intelligence projects is growing faster than J.P. Morgan expected.

The “aggressive adoption of generative AI…is driving accelerating demand for custom chip AI compute accelerators,” he wrote. Broadcom and Marvell Technology “will be the biggest beneficiaries of this resurgence in custom chip design.” Generative AI has been a popular investment theme this year. The technology ingests text, images, and videos to create content. OpenAI’s release of ChatGPT late last year sparked interest in this form of AI.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CVS, other pharmacy-benefit stocks drop as major health insurer targets ‘broken’ prescription-drug systemPressure builds on prescription-drug middlemen as Blue Shield of California cuts reliance on CVS Caremark.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves midday: Walmart, CVS Health, Wolfspeed and moreCheck out the companies making headlines during midday trading Thursday.
Source: NBCDFW - 🏆 288. / 63 Read more »

These are the top 5 performing Club stocks from mid-July to our August Monthly MeetingSince the CNBC Investing Club's July Monthly Meeting, the stock market has seesawed up and then down.
Source: CNBC - 🏆 12. / 72 Read more »