BofA Flags Nvidia, AMD as Key Beneficiaries of Saudi AI Push

Moz Farooque

Wed, May 14, 2025, 7:49 AM 1 min read

Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD) stand to reap the biggest rewards from Saudi Arabia's caller AI deals, but Broadcom (NASDAQ:AVGO) and Marvell (NASDAQ:MRVL) volition besides spot gains, Bank of America says.

• Warning! GuruFocus has detected 3 Warning Signs with NVDA.

BofA analysts led by Vivek Arya enactment that portion NVDA and AMD are spearheading abstracted 500-megawatt AI compute projects, complementary networking benefits should travel to AVGO and MRVL, on with optical, memory, semicap and foundry partners.

Arya raised his terms targets connected Nvidia to $160 (from $150) and connected AMD to $130 (from $120), stressing that AMD's joint?venture attack nether CEO Lisa Su inactive represents an important win.

He reiterated Buy ratings connected each 4 names, arguing that the AI accidental volition supply benefits long?term crossed chips, interconnects and infrastructure. Bank of America's enactment highlights that details stay airy but that property releases and manufacture discussions corroborate wide ecosystem uplift.

Why It Matters: Investors looking to play the Saudi AI build-out should overweight halfway GPU names portion besides tapping networking and infrastructure suppliers that underpin hyperscale campuses.

Investors volition beryllium watching upcoming net and immoderate task milestones to spot however these players person Saudi commitments into booked revenue.

This nonfiction archetypal appeared connected GuruFocus.