By Tae Kim
Jan. 9, 2024 11:19 am ET
The rising demand for artificial-intelligence semiconductors will boost the fortunes of several chip stocks this year, according to Oppenheimer.
On Tuesday, analyst Rick Schafer reaffirmed his Outperform ratings for Nvidia, Marvell Technology, Monolithic Power Systems, and Broadcom. He also reiterated his price targets: $650 for Nvidia, $70 for Marvell, $600 for Monolithic, and $1,100 for Broadcom.