Nvidia Corp. (NASDAQ:NVDA) and Broadcom Inc. (NASDAQ:AVGO) just landed on Morningstar’s latest "Cheap Stocks to Buy" list, putting two of the market’s premier AI chip names in the unusual position of being labeled bargains rather than bubble plays.
NVDA stock is moving. See the chart and price action here.
Wide-Moat AI Leaders on Sale
Morningstar classifies both Nvidia and Broadcom as wide-moat businesses, reflecting durable competitive advantages in chip design, software and ecosystem lock-in.
For Nvidia, the moat is built on its dominance in GPUs, CUDA software and high-speed networking that power the current wave of generative AI buildouts.
