MU - Forget Nvidia: 2 Super Semiconductor Stocks to Buy Hand Over Fist According to Wall Street
2024-04-19 05:57:00 ET
Nvidia (NASDAQ: NVDA) stock has popped 223% over the past year, catapulting the company to a $2.1 trillion valuation (only Apple and Microsoft are worth more). Nvidia makes powerful graphics processing chips (GPUs) for the data center that are designed to handle artificial intelligence (AI) workloads, and the company is overwhelmed with demand.
But while investors are (understandably) laser-focused on Nvidia, they might be overlooking other opportunities in the chip sector. According to The Wall Street Journal , analysts have a consensus overweight (bullish) rating on two other names: Micron Technology (NASDAQ: MU) and Axcelis Technologies (NASDAQ: ACLS) .
Here's why following Wall Street's lead and buying shares of Micron and Axcelis might be an excellent idea.
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Forget Nvidia: 2 Super Semiconductor Stocks to Buy Hand Over Fist, According to Wall Street