1 Incredibly Cheap Artificial Intelligence (AI) Semiconductor Stock You May Regret Not Buying Before It Takes Off
Artificial intelligence (AI) is having a massive impact on the semiconductor industry, and this technology is highly dependent on advanced chips with huge computational capacity that can be power-efficient at the same time.
Companies have been lining up to buy powerful chips from Nvidia and its peers to train and deploy large-language models, which are the backbone of generative AI applications such as ChatGPT and Bard. The demand for AI chips is forecast to increase at a robust annual rate of 38% over the next decade, generating $384 billion in annual revenue by 2032.
This is where Applied Materials (NASDAQ: AMAT) comes in, as a provider of semiconductor manufacturing equipment and services to major chipmakers and foundries.
Source Fool.com
