From Nasdaq:

Investment in artificial intelligence (AI) technology is on the rise. Goldman Sachs recommends Advanced Micro Devices (AMD) and Marvell Technology as top AI chip stocks to buy right now, citing their accelerating demand for AI chips. AMD’s data center revenue grew 38% year over year and 43% over the previous quarter, indicating strong interest from leading cloud providers like Microsoft. Marvell’s data center sales are up 39% and are expected to show sequential growth in the mid-30% range in the next earnings report. Both companies are seeing stronger demand for their AI solutions than previously expected.

The strong demand for high-end data center chips is pushing AMD’s margins up, while Marvell is partnering with Nvidia to deliver computing bandwidth for companies using generative AI in data centers. AMD and Marvell are both expected to experience significant growth in the AI market, which is instilling optimism in investors. According to Goldman Sachs, these two AI stocks have the potential to reach new highs over the next few years.

When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market. They just revealed 10 best stocks for investors to buy right now, including Advanced Micro Devices and other stocks that might be overlooked.



Read more: 2 Top AI Stocks to Buy Now, According to Wall Street