"Micron, Marvell, Amazon, and Others: Now Is the Right Time to Invest"

Korea Investment & Securities Presents
"5 Global Stock Picks You Shouldn't Miss"

Korea Investment & Securities has recommended five global stocks as favorable investment options at this time: Micron, Alphabet, Amazon, Marvell, and Bloom Energy.

On May 13, Korea Investment & Securities released a report titled "5 Global Stock Picks You Shouldn't Miss," highlighting the artificial intelligence (AI) and energy sectors. Lee Dongyeon, a researcher at Korea Investment & Securities who authored the report, stated, "Anthropic is currently the hottest company in the AI market," adding that "a strategy focusing on companies with a high degree of association with Anthropic is advisable."

Reuters Yonhap News

First, Alphabet received high marks for its AI capabilities, proven by the public release of Gemini and Nano Banana Pro. The rising quarterly growth rate of Google Cloud and strengthened competitiveness of Google TPU were also cited as positive factors. The report also mentioned Alphabet's contract with Anthropic to utilize Google Cloud. Lee emphasized, "Alphabet has demonstrated with its performance that it possesses the strongest full-stack AI capabilities." In the first quarter, its revenue and operating profit exceeded market consensus by 3% and 10%, respectively.

Amazon is expected to see continued growth in AWS, driven by the "Anthropic effect," with its growth rate rising quarter-on-quarter. Capital expenditures (CAPEX) for this year are also projected to remain at high levels. Lee noted, "AWS plays a central role in the training and inference services of Anthropic's Claude models," and predicted that Amazon's proprietary AI chip, Trainium, will play a key role in the future.

Marvell, an ASIC partner co-developing Trainium, was also included among the top investment picks. Lee noted, "Rising demand for Anthropic services will translate into improved performance for Marvell," and added, "There are increasing expectations that Marvell will be selected as a development partner for Google TPU as well." If a development contract with Google for TPU is signed, Marvell's market share in the ASIC segment is expected to expand.

Micron was also identified as a timely investment opportunity, given that a physical shortage of cleanrooms is expected to persist through at least 2027, despite memory suppliers' efforts to expand capacity. Micron, along with Samsung Electronics and SK hynix, leads the memory semiconductor market. Lee said, "Accelerated expansion of AI data centers is projected to drive increased demand for both DRAM and NAND," adding, "Following OpenAI, Anthropic is also ramping up efforts to secure AI infrastructure, which is a positive for memory demand."

The final company highlighted was Bloom Energy (BE). Not only did it report first-quarter results that substantially exceeded market expectations, but its annual guidance has also been significantly raised. Lee commented, "Bloom Energy is well positioned to benefit from rising electricity demand in AI data centers," and assessed that "its position in the fuel cell sector is being firmly strengthened." He also noted, "The contract for Oracle's Project Jupiter is encouraging," and analyzed that "while revenue is mainly from equipment sales, the proportion of maintenance, operations, and long-term service contracts is increasing, leading to strengthened recurring revenue."

This content was produced with the assistance of AI translation services.