Nvidia (NASDAQ: NVDA) emerged as one of the more notable semiconductor growth stories over the last few years. Once just a gaming chip company, it has successfully repurposed its technology to the latest technological advancements, including artificial intelligence and the metaverse.
That success helped the stock price rise by over 2,500% since the beginning of 2015. Investors will struggle to replicate such huge returns, but semiconductor stock investors who missed out could perhaps see similar outsized gains by buying stock in one of Nvidia's main rivals, Advanced Micro Devices (NASDAQ: AMD) .
Admittedly, AMD may seem like a strange choice here since it has slightly exceeded Nvidia's returns since the beginning of 2015, rising by 2,700%.
For further details see:
Missed Out on Nvidia? My Best Chip Stock to Buy and Hold