By Trevor Jennewine
Publication Date: 2026-01-01 08:15:00
Morgan Stanley analysts selected Micron Technology as their top semiconductor pick for 2026.
Nvidia (NVDA 0.46%) and Broadcom (AVGO 1.07%) are cornerstones of the artificial intelligence trade. But while Morgan Stanely analysts led by Joseph Moore have buy ratings on both chip stocks, Micron Technology (MU 2.47%) is their top pick within in the semiconductor industry for 2026.
Readers should be aware that most Wall Street analysts have a different opinion.
- Among 69 analysts, Nvidia has a median target price of $250 per share. That implies 33% upside from its current share price of $187.
- Among 52 analysts, Broadcom has a median target price of $460 per share. That implies 31% upside from its current share price of $350.
- Among 44 analysts, Micron has a median target price of $305 per share. That implies 4% upside from its current share price of $293.
Here’s what investors should know.
Image source: Getty Images.
1. Nvidia
Nvidia is well known for its best-in-class graphics processing units (GPUs), chips used to speed up compute-intensive data center workloads like artificial intelligence (AI) training and inference. However, the company is truly formidable because of its full-stack strategy that spans adjacent hardware and software development tools.
Nvidia develops rack-scale systems that pair GPUs with CPUs and networking equipment, which lets the company optimize performance across the entire data center, while saving clients the trouble of integrating hardware from…
