Page 33 - Stacy Rasgon News Today

Bernstein analyst Stacy Rasgon says Nvidia and Broadcom are the ideal chip stocks to benefit from the rising demand for artificial-intelligence semiconductors.

These two AI names boast outperform ratings at the firm.

Nvidia Corp (NASDAQ: NVDA) peers have struggled to gain traction in the generative AI chip war as the former grew in leaps and bounds.

Nvidia (NVDA) is likely to remain the dominant artificial intelligence chip designer, despite fellow Club holding AMD's best challenge yet.

AMD generally won praise in the wake of new AI product announcements, but at least one analyst worries that the company is late to the game.

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) rose in early trading on Wednesday after the company held on Tuesday its key Data Center and AI Technologies event.

Our podcast on markets, the economy and business. This week, how the chip-maker established itself as the provider of choice to artificial intelligence developers | Podcasts

Already positive, the research from Bernstein and its analyst Stacy Rasgon still consider the stock as a Buy opportunity. The target price is still set at EUR 735. | June 7, 2023

In a research note, Bernstein analyst Stacy Rasgon has maintained his recommendation on the stock with a Neutral rating. The target price continues to be set at USD 30. | June 6, 2023

Analysts have significantly upgraded their price targets for Nvidia following its latest results.