Top analyst Matt Ramsay at Canaccord is out with two bullish votes on two of today’s top tech players: Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA). Between an upbeat chat with AMD’s technology management that indicates desktop and server roadmaps will really take off by the back half of 2018 and investor restlessness in the wake of what was largely an outstanding quarterly print, the analyst is out with bullish rapport for AMD’s exciting catalysts and NVDA’s enticing buying opportunity at hand.

Matt Ramsay has a very good TipRanks score of 64% success rate and a high ranking of #48 out of 4,618 analysts. Ramsay realizes 23.8% in his annual returns. When recommending AMD, Ramsay yields 43.4% in average profits on the stock. When suggesting NVDA, Ramsay garners 137.6%.

Let’s take a closer look:

Advanced Micro Device’s Positive Catalysts Line 2017 and Beyond

On the heels of hosting last week’s tech-centered, promising fireside chat with Chief Technology Officer Mark Papermaster at Ramsay’s yearly Growth Conference, the analyst delved into the chip giant’s present and long-term product roadmap that continue to leave him singing bullish praise. While the analyst is not blind to 7nm roadmap execution challenges or the cutthroat chip maker environment AMD still must battle to rise to the top, he bets on the giant’s fresh products from the PC to GPU to server arenas.

Predicting AMD’s strength in its product roadmap will give way to market share gains over time while translating into “materially higher” gross margins down the line, the analyst reiterates a Buy rating on Advanced Micro Devices stock with a $20 price target, which represents a just under 64% increase from where the stock is currently trading.

Among the products glittering in AMD’s roadmap that intrigue Ramsay include “[…] server chip/system architecture decisions and compromises as well as the long-term implications of the plateau in Moore’s Law,” as he asserts, “Overall, we continue to believe a host of positive catalysts remain in 2017 and beyond as Ryzen and EYPC CPUs ramp and Vega GPUs launch into PC and datacenter markets.”

Moving ahead, the analyst cheers that “7 is the new 10” of the nm world, venturing, “Looking forward at the future desktop and server roadmaps from AMD, we believe 2H/18 will bring the introduction of 7nm products followed by a full year of 7nm products across the portfolio in 2019.”

Ramsay concludes dismissing investors who are looking at short-term weakness with tunnel vision, underscoring, “We continue to believe investors underestimate the importance of this roadmap development for AMD’s 2nd generation Zen-based products and primarily focus only on nearer-term results. Should AMD execute the 7nm roadmaps in 2018/19, we believe more substantial share gains could result. In addition, industry contacts indicate datacenter customers watch 7nm developments closely under NDAs and we believe AMD has already ‘taped out’ multiple 7nm chips with positive early indications.”

TipRanks analytics reveal AMD as a Buy. Out of 24 analysts polled by TipRanks in the last 3 months, 9 are bullish on Advanced Micro Devices stock, 12 remain sidelined, and 3 are bearish on the stock. With a return potential of nearly 13%, the stock’s consensus target price stands at $13.79.

Nvidia’s Fallback the Entry Point Investors Have Been Seeking

Nvidia shares were falling 5% at Friday’s close, but one man’s stock concaving is another’s bullseye chance for gains, and Ramsay falls in the latter side when it comes to this chip giant’s trajectory to be a long-term market leader. Even if annual growth comparisons will become more challenging in the forthcoming quarters, the analyst remains confident that Nvidia is primed for success with robust drivers of growth “intact.”

Cheering that this is “the pullback folks have been waiting for…” the analyst maintains a Buy rating on the stock while boosting the price target from $180 to $190, which implies a close to 22% increase from where the shares last closed.

Though investors turned fickle on the chip giant despite a “record” second fiscal quarter for 2018 that surge on all-time-high revenues from Gaming GPU and Professional Visualization, beating both consensus and the analyst’s estimates, datacenter sales tripped up the giant at the end of the day. Sales in this segment came up a hair short of the Street and auto sales followed suit.

As a result, NVDA shares that had soared roughly 65% after a positive tidal wave from the first fiscal quarter delivered back in April suddenly fell from the sky. However, when glancing at the near-term picture, Ramsay finds the stock was ideally priced, and this dip is just the upper hand savvy investors can use to their entry advantage.

“In addition to strong gaming sales, we believe new cryptocurrency demand added up to $250M to the topline ($150M in OEM revenue and another bit of upside in GeForce cards) and while this demand will likely decline Q/Q, management believes NVIDIA is well positioned to serve the market long-term. Overall a very strong quarter, and we believe NVIDIA is continuing to execute strongly into several secular growth markets. In fact, as applications of highly parallel GPU computing expand and developer tools and artificial intelligence algorithms mature, our positive thesis continues to play out with strong gaming GPU growth expected to continue in H2/F’18 with the Pascal gaming ramp and Volta introduction, and we believe new trends including deep learning, virtual/augmented reality, and autonomous driving will catalyze new market growth longer term. […]” contends Ramsay, who commends a third-quarter revenue guide that outclassed consensus expectations by over $200 million.

TipRanks analytics demonstrate NVDA as a Buy. Based on 25 analysts polled by TipRanks in the last 3 months, 16 rate a Buy on Nvidia stock, 6 maintain a Hold, while 3 issue a Sell. The 12-month average price target stands at $153.00, marking a nearly 2% downside from where the stock is currently trading.