NVIDIA, Broadcom and AMD Emerge as Top August Picks After 4% to 14% Pullbacks

3 articles · Updated · 24/7 Wall St. · Aug 22

All three AI-chip leaders were flagged as late-August buys after recent dips reset entry points while demand outlooks stayed strong ahead of NVIDIA’s fiscal Q2 and Broadcom’s fiscal Q3 reports.
NVIDIA closed at $214.72, down 4.64% on the week, after guiding fiscal Q2 revenue to about $91 billion; Q1 revenue jumped 85% and management said agentic-AI demand had gone “parabolic.”
Broadcom fell 7.15% over the past month even after guiding fiscal Q3 revenue to $29.4 billion and AI semiconductor revenue to $16 billion, with Q2 AI bookings topping $30 billion.
AMD, despite a 14.32% monthly pullback, remains the biggest momentum name—up 121% year to date—with Q3 revenue guided to about $13 billion and data-center growth tied to Helios and MI450 deployments.
The broader call is that each company still offers a different way to play AI infrastructure—merchant GPUs, custom XPUs and networking, or a second GPU platform—as the next earnings reports set the tone for fall.