UBS named chipmaker Nvidia Corporation (NASDAQ:NVDA) a “top pick,” citing its “wide moats” in the sector. Plus, the company is enjoying tailwinds from Micron Technology Inc’s (NASDAQ:MU) upbeat quarterly report, with officials noting they expect the chip shortage to ease over the coming year.
Analyst Timothy Arcuri believes that Nvidia will likely benefit from building more “stable” revenue sources around its GPU and software moats. At the same time, Marvell Technology Inc (NASDAQ:MRVL) can use its “broad portfolio” and 5-nanometer investments in a host of new applications and opportunities. UBS has a buy rating on Nvidia.
