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AI stocks have been back in the spotlight as investors continue to weigh the pace of chip demand, Big Tech’s spending on artificial intelligence, and the next leg of earnings growth in the upcoming season.
Simultaneously, Bank of America is pointing out some clear winners in this niche. In a recent note, Bank of America flagged Marvell Technology (MRVL) and Advanced Micro Devices (AMD) as two top “AI compute” stocks to buy now. BofA explained that Marvell and AMD play key roles in the AI infrastructure stack. Marvell is a leader in high-speed networking and data center switches, while AMD supplies CPUs and GPUs for data center AI workloads. The bank remains bullish on these names even as memory stocks waver, recalling Google’s TurboQuant news. BofA believes AI spending remains robust, and it ranked “AI Compute” as its most preferred semiconductor subsector, listing AMD and Marvell among the top picks.
