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Top Analysts Bet Big on AI Boom Stocks
12 Jul
Summary
- Amazon's AWS unit shows strong growth driven by AI.
- Marvell Technology poised for sustained 40%+ growth via AI.
- AMD's AI GPUs and server CPUs fuel stock price surge.
Amidst global market pressures, top Wall Street analysts are identifying promising stock picks, with Amazon, Marvell Technology, and Advanced Micro Devices (AMD) highlighted. TD Cowen analyst John Blackledge reiterated a buy rating on Amazon (AMZN), citing robust performance in its AWS cloud division, e-commerce, and advertising segments. He forecasts significant revenue growth for AWS in Q2 2026, driven by generative AI workloads.
RBC Capital analyst Srini Pajjuri maintains a buy rating on Marvell Technology (MRVL), projecting sustained growth exceeding 40% for the next three years. This optimism stems from strong AI demand, leadership in optical connectivity, and an expanding custom chip pipeline, with the data center business expected to grow over 50% this year and next.
Wells Fargo analyst Aaron Rakers reaffirmed a buy rating on chipmaker Advanced Micro Devices (AMD), raising his price target. The company's shares have surged year-to-date, driven by demand for its AI GPUs and server CPUs, with analysts anticipating substantial earnings per share growth through 2028.
