NVDA - 3 Super Semiconductor Stocks (Including Nvidia) to Buy Hand Over Fist for the Artificial Intelligence (AI) Revolution
2024-04-01 05:58:00 ET
ChatGPT, Claude, and Gemini are just a few of the powerful artificial intelligence (AI) chatbot applications available today. They can interpret and generate text, images, videos, and computer code, which could drive a productivity boom across the global economy.
But those AI applications wouldn't be possible without data centers filled with advanced semiconductors, which developers use to build, train, and deploy their models. Nvidia (NASDAQ: NVDA) CEO Jensen Huang estimates the current $1 trillion installed base of data center infrastructure around the world will double over the next five years because of AI.
That creates a substantial opportunity for leading chip companies Nvidia, Advanced Micro Devices (NASDAQ: AMD) , and Micron Technology (NASDAQ: MU) . Here's why investors might want to own a stake in each of them to ride the AI boom.
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3 Super Semiconductor Stocks (Including Nvidia) to Buy Hand Over Fist for the Artificial Intelligence (AI) Revolution