Microsoft announced Maia 200, an inference accelerator built on TSMC’s 3nm process, boosting their AI infrastructure. BNP Paribas identified Broadcom (AVGO) and Marvell (MRVL) as stocks that could benefit from this development. Broadcom, known for making custom chips for AI workloads, is trading 3% down YTD but is expected to gain with Maia 200. Marvell, a fabless semiconductor company, reported Q3 revenue growth of 37% YoY and is trading at a discount, offering a good entry point for investors. Analysts are bullish on both stocks, with AVGO having a mean target price of $455.22 and MRVL offering 41% upside potential.

Read more at Barchart: 2 Stocks to Buy as Microsoft Announces Its New Maia 200 AI Chip (Hint, Neither Is MSFT)