Wall Street is still digesting Nvidia's (NVDA) second quarter earnings as shares remain under pressure. But many more chip makers like Marvell Technology (MRVL) and Broadcom (AVGO) still have yet to report earnings. But could they have a chance at acquiring more market share in the AI chip market from Nvidia following its latest results?

CFRA Research senior equity analyst Angelo Zino joins Market Domination to give insight into the chip sector and how some of these chip makers may fare amidst high demand moving forward.

Zino states that when you look at Marvell's non-AI business segments "like carrier infrastructure, the consumer side of things, those enterprise networking, those businesses have declined 50 to 70% over the last two to three quarters."

"Our view is kind of the inventory correction is kind of really played itself out at this point in time. And you're now looking at potential sequential improvement here in the July quarter and, more importantly, in the following 2 to 3 quarters," Zino tells Yahoo Finance.

Broadcom is set to report its fiscal third quarter results next week on Thursday, September 5. Zino finds Broadcom's networking business to be "the bread and butter" for their semiconductor segments.

"We think that is kind of running on all cylinders. So as far as kind of the semiconductor business, AI is driving that business very well, as well as Apple (AAPL). And then the VMware side of things, they continue to exceed our expectations on both the cost-cutting side of things, as well as kind of the revenue growth trajectory," Zino says.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino