NVDA - My Top 3 Chip Stocks (And They're Not Nvidia)
2024-03-15 09:30:00 ET
Summary
- Nvidia's stock has seen significant appreciation in the AI industry, but other chip companies like Qualcomm, Micron, and Broadcom also have potential.
- The AI market is still in its early stages and has significant growth potential, projected to be worth $1.85 trillion by 2030.
- Broadcom, Qualcomm and Micron are all relatively inexpensive compared to their growth prospects and offer buying opportunities on pullbacks.
Nvidia's ( NVDA ) stock has been the face of AI since the powerful AI-induced rally began around the end of the tech bear market in late 2022. However, Nvidia's stock has appreciated nearly tenfold since I pounded the table on the stock around its generational low in the $120-100 buy-in zone....
My Top 3 Chip Stocks (And They're Not Nvidia)