Nvidia's partners and more: BofA picks key global stocks along the AI supply chain

📆 27/03/2024 15:05:00
📰 CNBC

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The investment bank named various parts of the supply chain that stand to benefit from artificial intelligence — and its top stocks in each category.

Big U.S. tech companies such as Nvidia , Microsoft and Alphabet have benefited from the artificial intelligence buzz in markets for the past year. But many smaller firms along the global AI supply chain also stand to benefit. BofA said in a March 15 note that there's been a "booming" AI market with multiple AI solutions since the second half of 2023.

Hardware tech Hardware tech such as printed circuit boards are the upstream parts of the AI server supply chain. These materials or components are "always needed," BofA said. These are BofA's top picks in this space: Unimicron and NYPCB are ahead when it comes to tech and product development related to AI and high performance computing, BofA said.

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