Artificial Intelligence (AI) Could Make Semiconductors a $1 Trillion Market by 2030: Here Are 3 Top Stocks to Buy Now
"A $1 trillion industry by the end of the decade." That's what global consulting firm McKinsey Company projects for semiconductors. It's not an outlandish prediction at all, considering that the semiconductor market already tops $500 billion.
Unsurprisingly, McKinsey ranks artificial intelligence (AI) as one of the top growth drivers for semiconductors in the coming years. Investors have plenty of ways to profit from the rapidly growing semiconductor market. Here are three top stocks to buy now.
Nvidia is, without question, the 800-pound gorilla making AI chips right now. But don't overlook Advanced Micro Devices (NASDAQ: AMD).
Source Fool.com
Advanced Micro Devices Inc. Stock
€152.88
3.890%
With 78 Buy predictions and 1 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 177 € shows a slightly positive potential of 15.78% compared to the current price of 152.88 € for Advanced Micro Devices Inc..
