Goldman Sachs Bullish On Nvidia's New AI Chips, Predicts Major Growth For These 3 Stocks
Portfolio Pulse from Benzinga Neuro
Goldman Sachs predicts significant growth in the high-bandwidth memory (HBM) chip market, driven by demand for Nvidia's new Blackwell GPU chips. The market is expected to grow tenfold to $23 billion by 2026. SK Hynix, Samsung Electronics, and Micron Technology are identified as primary beneficiaries. This growth comes amid heightened interest in AI, with Nvidia's stock rising due to the AI boom sparked by OpenAI's ChatGPT.
March 28, 2024 | 1:58 am
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Micron Technology is expected to gain from the expansion of the HBM chip market, influenced by Nvidia's new AI chips.
Micron Technology, as a key player in the HBM chip market, stands to benefit from the market's expected growth, spurred by demand for Nvidia's AI chips. This positions Micron's stock for potential short-term gains.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Nvidia's launch of new AI chips is expected to drive significant growth in the HBM chip market, potentially boosting Nvidia's stock.
Nvidia's new AI chips are central to the predicted expansion of the HBM chip market, which is expected to grow significantly by 2026. Given Nvidia's pivotal role and the current AI boom, its stock is likely to see positive short-term impacts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Samsung Electronics is identified as a primary beneficiary of the growing HBM chip market, driven by demand for Nvidia's AI chips.
As one of the primary manufacturers of HBM chips, Samsung Electronics is positioned to benefit from the market's significant growth, driven by Nvidia's AI chip demand. This is likely to have a positive impact on Samsung's stock in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80