AI Stocks to Buy

PARAGRAPH 1 --- Bank of America analysts have identified Marvell and AMD as top 'AI compute' stocks, citing high demand for AI chips and Big Tech's increased spending on AI. Meanwhile, AI stocks like Nvidia, Micron, and Amazon have shown strong performance, with Nvidia doubling this year. Intuitive Surgical and BigBear.ai have also emerged as promising AI stocks, with potential upside of 35.5% and 1000%, respectively. Lam Research, a semiconductor equipment manufacturer, was highlighted by Oppenheimer as a top AI stock with potential to rise significantly.

PARAGRAPH 2 --- The AI stocks narrative is driving growth in semiconductor and technology sectors. Companies like Nvidia, AMD, and Marvell are benefiting from increased demand for AI hardware. Meanwhile, service providers like Alphabet and Amazon are seeing growth in AI-related services. Smaller, niche players like Evolv Technologies and BigBear.ai are also experiencing explosive growth due to high demand for AI infrastructure components.

PARAGRAPH 3 --- Upcoming catalysts to watch include Nvidia's earnings report on May 24, which will provide insights into AI demand and data center growth. Micron's earnings on June 29 will offer updates on the memory supercycle. Additionally, investors should monitor regulatory developments around AI, such as the EU's proposed AI Act, which could impact the operating environment for AI companies.