Oct. 15 at 3:40 PM
While Nvidia remains the undisputed leader in AI chips, other semiconductor companies are also benefiting from the AI boom. Broadcom, Marvell Technology, and Monolithic Power Systems appear well-positioned ahead of earnings, according to Oppenheimer analysts.
Broadcom’s AI-related revenue is projected to increase 64% this year. Oppenheimer raised its price target to
$400, noting the company’s expanding earnings potential, stable industrial exposure, and defensible technology, even though the stock trades at a P/E of 29 times 2027 earnings, higher than Nvidia’s 25 times. Marvell Technology, less popular this year, could see significant revenue acceleration from 2027 onward, driven by its work on Microsoft’s Maia AI chips. Its target price was raised to
$115, reflecting growth in the high-potential cloud data center AI market and a strong 5G infrastructure portfolio.
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