Nvidia's Chip Boom Is Spreading: JPMorgan Says These 6 Stocks Could Ride It

JPMorgan says Nvidia’s AI chip boom is broadening beyond NVDA into a wider semiconductor rally, creating potential upside across compute, memory and networking names. The bank points to accelerating industry fundamentals, with June semiconductor sales at $152 billion and year-over-year growth of 134%. It projects global semiconductor sales of $1.68 trillion in 2026 and $2.25 trillion in 2027. Memory remains a key driver, but ex-memory sales also rose 38% year over year, suggesting AI infrastructure spending is lifting more parts of the chip supply chain. JPMorgan highlights six stocks as ways to play the theme: NVDA, AVGO, AMD, INTC, MU and MRVL. The takeaway for investors is that the AI trade may be expanding from a single-leader narrative into a broader industry opportunity, with stronger demand potentially supporting multiple semiconductor segments.