Better Artificial Intelligence Stock: Nvidia vs. Broadcom
Over the past year, businesses raced to implement artificial intelligence (AI) technologies, and that boosted sales for semiconductor chip makers Nvidia (NASDAQ: NVDA) and (NASDAQ: AVGO). Both sell components required to implement AI in data centers designed for cloud computing, the ideal place for AI to satisfy its need for massive computing power.
As a result, Broadcom and Nvidia are positioned to benefit for years as the AI industry expands from 2023's global market size of $136 billion to an estimated $827 billion by 2030. This is one reason owning shares in both is a great way to invest in the secular trend of AI.
However, if you had to choose just one of these semiconductor giants to invest in, which would make the better AI investment? Here's a breakdown of each to arrive at an answer.
Source Fool.com
Broadcom Ltd. Stock
With 94 Buy predictions and 1 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 342 € there is a slightly positive potential of 14.9% for Broadcom Ltd. compared to the current price of 297.65 €.
