In this article, we will list BlackRock’s 5 most important AI stocks right now. Please visit BlackRock’s 30 most important AI stocks right now if you’d like to see an extended list and the methodology behind it.
5. Marvell Technology Inc. (NASDAQ:MRVL)
Weight in ARTY ETF: 4.37%
Number of Hedge Fund Holders: 79
Marvell Technology Inc. (NASDAQ:MRVL) is one of BlackRock’s 30 most important AI stocks right now.
On June 29, Timothy Arcuri from UBS increased his target price for Marvell Technology Inc. (NASDAQ:MRVL) from $230 to $340, leading to an adjusted upside of almost 39% at current level. The analyst also reiterated a Buy rating on the stock.
Earlier in June, Marvell Technology Inc. (NASDAQ:MRVL) launched Marvell Teralynx T100, the leading 102.4 Tbps switch silicon designed for the era of AI. It was designed from scratch for AI, offering the industry’s minimal power consumption and latency at this bandwidth tier to address today’s large AI clusters’ key constraints.
The company shared that at under 1000W power, it offers up to 25% lower power than competitive products. It removes the unnecessary, outdated components that increase die area and power in competing solutions through a monolithic 102.4 Tbps device on cutting-edge 3nm process technology. It supports high bandwidth performance while decreasing the total usage of rack power and enhancing the efficiency of the cluster.
For scale-out deployments, the product supports a 512-port radix, allowing operators to streamline frameworks, reduce latency, and consolidate network tiers. For scale-up deployments, it has a highly programmable and adaptable pipeline framework that supports a variety of connectivity standards and fabric protocols.
The product is available in multiple packaging options with a low-power SerDes framework. It also provides built-in telemetry, low-latency network topologies, AI-driven congestion control, and proprietary traffic management logic essential for future data center frameworks.
Marvell Technology Inc. (NASDAQ:MRVL) specializes in complete semiconductor solutions for data infrastructure, from core data centers to the network edge. Marvell’s primary product offerings include Ethernet semiconductor and supercomputing solutions. The company also provides laser drivers, interconnect products, silicone photonics, and more.
4. NVIDIA Corp. (NASDAQ:NVDA)
Weight in ARTY ETF: 4.40%
Number of Hedge Fund Holders: 275
NVIDIA Corp. (NASDAQ:NVDA) is one of BlackRock’s 30 most important AI stocks right now.
On June 29, the company shared that Anthropic’s Claude models in Microsoft Foundry, hosted on Microsoft Azure and running on NVIDIA GB300 Blackwell Ultra GPUs, are now publicly available. It provides Azure-native businesses a robust new way to develop domain-specific and self-operating AI agents.
The company mentioned that businesses these days require access to computational power to build and implement domain-specific agents. Having high inference capability and efficiency decreases the total ownership cost. With Claude in Foundry operating with NVIDIA Quantum-X800 InfiniBand networking, on NVIDIA GB300 NVL72 systems, businesses can now develop and operate more robust agentic solutions. These include domain-specific and autonomous sub-agents that can work across business functions to execute advanced tasks.
NVIDIA and Anthropic are working together to expand developer capabilities, enabling enterprises to offer Claude agents domain-specific capabilities. Through NVIDIA-validated agent skills, enabled by access to NVIDIA high-performance computing, enterprises can incorporate AI agents into their business and utilize them as the organization’s operating system.
Enterprises can run Claude agents on Azure by utilizing the NVIDIA Secure Agent Workspace Reference Design. It provides a framework for running self-directed agents in a controlled environment where network access, credentials, identity, and runtime policy are managed at the infrastructure level.
NVIDIA Corp. (NASDAQ:NVDA) is a computing infrastructure company that has transitioned from PC graphics chips towards full-scale compute and networking solutions. It has now become a leading player within the AI and high-performance computing space. The company offers Data Center accelerated computing and networking platforms, along with automotive platforms and electric vehicle solutions.
3. Taiwan Semiconductor Manufacturing Co. (NYSE:TSM)
Weight in ARTY ETF: 4.71%
Number of Hedge Fund Holders: 234
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is one of BlackRock’s 30 most important AI stocks right now. BlackRock is amongst the top 10 largest institutional owners in the company, holding 0.35% or 18.22 million of outstanding shares, according to Yahoo Finance data.
On June 24, Bank of America Securities lifted the firm’s target price on Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) from $490 to $590, and kept a Buy rating on the stock. The firm highlighted that amid rising agentic AI demand, it forecasts much higher CPU demand to utilize more advanced back-end packaging and front-end production capacity.
In order to reflect an elevated AI GPU/ASIC and CPU demand outlook, the firm has raised the company’s topline forecasts to 40% and 39% for 2026 and 2027, respectively.
On June 22, Mehdi Hosseini from Susquehanna also raised the firm’s target price on Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) from $500 to $575. The analyst also reiterated a Positive rating on the stock.
Hosseini based his adjustment to revision across the firm’s model, which now incorporates a capacity and capital expenditures strategy. He expects both to surpass buy-side projections and the broader consensus. Having said that, the primary uncertainty remains on how token growth and related silicon needs could lead to possible supply-demand gaps.
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is a semiconductor manufacturer that contributes to the production of integrated circuit products. It designs and manufactures these products using a range of technologies, including mixed signal, embedded memory, radio frequency, and more.
2. Advanced Micro Devices Inc. (NASDAQ:AMD)
Weight in ARTY ETF: 5.03%
Number of Hedge Fund Holders: 134
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of BlackRock’s 30 most important AI stocks right now. BlackRock is the largest institutional owner in the company, holding approximately 145.57 million shares, or around 8.93% of outstanding shares, according to Yahoo Finance data.
On June 30, Wells Fargo increased the firm’s target price on Advanced Micro Devices Inc. (NASDAQ:AMD) from $505 to $615. The firm also reiterated an Overweight rating on the stock, based on a strong demand for EPYC server CPU. This, along with pricing gains, supports the firm’s optimistic view.
Wells Fargo reaffirmed its revenue projections for data center GPUs, which are expected to remain above consensus estimates. Forecasts for earnings per share have also been adjusted upwards, to $13.40 and $18.75 for 2027 and 2028, respectively.
Earlier on June 29, Cantor Fitzgerald increased the firm’s target price on Advanced Micro Devices Inc. (NASDAQ:AMD) from $500 to $700, and maintained an Overweight rating on the stock. The firm noted that the ongoing AI infrastructure buildout is considered to be a generational cycle for the semiconductor segment.
Cantor Fitzgerald expects this cycle to get prolonged due to supply chain bottlenecks and anticipates industry-wide revenues to remain above prior forecasts. The revenue figures are estimated at around $3 trillion by 2029, which could possibly surpass $3.5 trillion by 2030.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a multinational semiconductor company that designs high-performance computing, graphics processing units, and visualization technologies. The company also offers AI accelerators, microprocessors, embedded processors, and SoC products. The business is structured around three segments, i.e., Data Center, Client & Gaming, and Embedded.
1. Micron Technology Inc. (NASDAQ:MU)
Weight in ARTY ETF: 5.52%
Number of Hedge Fund Holders: 154
Micron Technology Inc. (NASDAQ:MU) is one of BlackRock’s 30 most important AI stocks right now.
On July 1, Micron Technology Inc. (NASDAQ:MU) and General Motors revealed a Strategic Customer Agreement to ensure a stable, long-term provision of memory and storage solutions essential to GM’s large-scale vehicle manufacturing and delivery. The two companies are cooperating to enhance automotive and semiconductor supply chains while promoting advanced U.S. production and innovation.
In addition to the dedicated supply in this agreement, they maintain collaboration on future storage and memory technology needs necessary for the next generation of vehicles. This covers deep tech collaboration on system optimization and the validation of cutting-edge memory technologies.
This agreement is supported by Micron’s current funding to localize and increase supply, including DRAM production in Manassas, Virginia. Micron’s capital investment of $2 billion to upgrade its Manassas fab provides enhanced supply guarantee and helps secure undistorted product availability.
In-cabin experiences powered by AI and cutting-edge driving assistance autonomy are increasing the importance of advanced storage and memory. GM will ensure the provision of certain products while validating future technologies. As the vehicles are becoming AI-led and software-based, storage and memory efficiency, scalability, and robustness are also becoming important for advanced features.
Micron Technology Inc. (NASDAQ:MU) is engaged in the development of storage and memory solutions. It offers products such as high-bandwidth memory, graphics memory, and more. The company also provides various types of multichip packages, such as flash storage-based and multimedia card-based multichip packages.
While we acknowledge the potential of MU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about the cheapest AI stock.
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