<div id="readability-page-1">As the AI boom moves into its next phase, J.P. Morgan believes the real winners in 2026 may not be limited to headline GPU names. Instead, the bank is pointing to a group of semiconductor and networking companies that play a central role in building and running data centers.<h3>Claim 50% Off TipRanks Premium and Invest with Confidence </h3><ul><li>Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions </li><li> Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential</li></ul> In a recent outlook, top J.P. Morgan analyst Harlan Sur said data-center capital spending is expected to rise about 50% in 2026, following an estimated 65% increase in 2025. That view underpins the bank's positive stance on select chip stocks tied to AI infrastructure. Based on this outlook, J.P. Morgan highlighted the following stocks as its top chip and AI picks for 2026: 1. Broadcom (AVGO): Broadcom tops J.P. Morgan's list. The bank expects Broadcom to benefit strongly from AI-driven demand, given its exposure to custom chips, networking, and high-speed connectivity used in data centers. J.P. Morgan forecasts $55–$60 billion in AI-related revenue for Broadcom in fiscal 2026, highlighting its role in the AI supply chain. 2. Marvell Technology (MRVL): This is another key pick. J.P. Morgan sees rising demand for custom silicon and advanced networking as AI models grow larger and require faster data movement inside data centers. That trend is expected to support Marvell's growth into 2026. 3. Analog Devices (ADI): While not a pure AI stock, ADI supplies chips used in power management, signal processing, and data-center systems. J.P. Morgan expects recent AI-related design wins to generate about $500–$600 million in revenue. 4. Micron Technology (MU): Micron rounds out the list. J.P. Morgan expects AI workloads to drive higher demand for high-bandwidth and high-capacity memory. After strong gains in 2025, Micron is seen as well positioned as pricing improves and margins recover. Overall, J.P. Morgan's outlook shows the AI trade is widening. Chips, memory, and networking gear are becoming just as important as AI processors as data-center spending continues to rise. For investors looking toward 2026, the bank believes these names offer solid exposure to the next phase of AI-driven growth. <h2>Analysts Weigh In on Semiconductor Stocks</h2> Using the TipRanks Stock Comparison Tool, we found that Broadcom (AVGO), Analog Devices (ADI), and Micron (MU) carry Strong Buy ratings, while Marvell (MRVL) is rated Moderate Buy. Meanwhile, Broadcom and Marvell offer the largest upside based on analyst price targets, while Analog Devices shows more limited upside after a strong run. As always, investors should do their own research.</div>

AVGO

MRVL

SOXL

J.P. Morgan's top semiconductor stocks to watch in 2026 include Broadcom (AVGO), Marvell Technology (MRVL), Analog Devices (ADI), and Micron Technology (MU). The bank expects significant growth in AI-driven demand for these companies, particularly in data centers. Broadcom is forecasted to generate $55–$60 billion in AI-related revenue, while Marvell, Analog Devices, and Micron are also expected to benefit from increased AI infrastructure spending.

AVGO, MRVL, ADI, MU: J.P. Morgan's 'Top Semiconductor Stocks' to Watch in 2026