3 Super Semiconductor Stocks (Including Nvidia) to Buy Hand Over Fist for the Artificial Intelligence (AI) Revolution
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.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is an absolute favorite of our community with 70 Buy predictions and no Sell predictions.
With a target price of 176 € there is a slightly positive potential of 17.95% for Advanced Micro Devices Inc. compared to the current price of 149.22 €.
