3 stocks on the springboard thanks to Nvidia's AI chips

3 stocks on the springboard thanks to AI chips from Nvidia, the undisputed leader of the generative artificial intelligence boom.
Nvidia recently launched a series of powerful AI chips, known as Blackwell, that are revolutionizing the industry, opening up new investment opportunities for stock market traders.
Goldman Sachs, one of the most authoritative players in the financial world, is convinced that these 3 stocks will receive a strong boost from this innovation.
Let's look in detail at these investment opportunities and the prospects they offer.
1) Micron Technology Micron Technology, with its strategy focused on the production of HBM3E memories for the GPUs of AI supercomputers, is one of the most interesting companies according to Goldman Sachs.
According to experts from the investment bank, the tech company will only be able to overtake its competitors in 2025, but it is already benefiting from the growing demand for artificial intelligence and the demand for high-performance memory chips with a positive impact on margins profit in the long term.
Currently, Micron Technology collects “strong buy” recommendations.
Mizuho Securities raised its target price for Micron from $124 to $130, estimating an increase of 8% over the next 12 months from the current price of $119.
Micron is experiencing a return to growth, with two consecutive quarters of double-digit revenue growth year-over-year, (+57% revenue in the latest quarter alone).
Analysts believe that there is still room for an increase in share value in the short term driven by the HBM market, which is expected to grow by 65% in the period between 2023 and 2026.
Furthermore, with the increase in other activities of Micron, management expects fiscal 2025 to be a record year for the company.
Currently, the stock is trading at 16 times next year's earnings estimates, but further new highs could be justified by sustainable revenue growth thanks to demand for AI.
2) Samsung Electronics Samsung Electronics is joining the AI race with a chip that promises to speed up model training operations by 34%.
The new HBM3E 12H DRAM chip with TC NCF technology for Nvidia's graphics processing units emerges as a major player in the industry.
The Nvidia CEO's indication of possible market share growth for Samsung in the medium term suggests significant growth potential for the company.
This development, combined with its continued pursuit of technological innovation, positions Samsung Electronics in a favorable situation to take advantage of the AI memory boom.
However, Samsung's main rival, SK Hynix, is already supplying Nvidia with the latest version of high-bandwidth memory, HBM3E.
Although Nvidia CEO Jensen Huang has hinted that the company may also acquire HBM chips from Samsung, SK Hynix has gained ground by supplying previous generations of this technology.
According to Yoon Joonwon, fund manager at DS Asset Management, although Samsung Electronics is becoming more attractive than in the past, it is still too early to base investment decisions on expectations for its HBM business.
So far, the AI theme has benefited SK Hynix the most, with its shares rising nearly double over the past year, outpacing Samsung's modest 30% gain.
This difference is due to SK Hynix's leadership in HBM chips, which are critical for training large language models.
In contrast, Samsung is more exposed to cyclical demand and prices of traditional memory due to its market share in consumer devices.
3) SK Hynix According to Goldman Sachs, SK Hynix is at the center of the AI memory revolution, in a strongly growing context: the HBM market is expected to reach $23 billion by 2026.
Goldman Sachs believes that the company will maintain a market share of more than 50%, benefiting from its strong customer-supplier relationship and cutting-edge technologies.
The South Korean chipmaker's recent announcement to invest approximately $4 billion to build an advanced chip packaging plant in West Lafayette, Indiana highlights SK Hynix's commitment to the industry.
Investors are optimistic about the growth prospects of SK Hynix shares, despite their significant increase of 96% since the beginning of last year.
The shares remain cheap, trading at just 11 times future earnings estimates, compared to 15 for Samsung, 30 for Micron and 27 times for the Philadelphia Semiconductor Index.
SK Hynix has gained a leadership position in the market for high-bandwidth memory (HBM), essential for artificial intelligence, outpacing competitors and attracting investor attention.
JPMorgan analysts expect the shares to rise further in the short term, with an upside of at least 20% over the next 12 months.
This demonstrates the market's confidence in SK Hynix's growth potential and its key role in the AI memory sector.
read also 4 stocks ready to explode according to Goldman Sachs DISCLAIMER The information and considerations contained in this article should not be used as the sole or main support on which to make investment decisions.
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