Better Semiconductor Stock: Wolfspeed vs. Nvidia

Sales in the semiconductor industry are surging thanks to the secular trends of artificial intelligence (AI) and electric vehicles (EVs). The semiconductor market is forecast to reach more than $600 billion in 2024, and rise to $1 trillion by 2030, making investments in chip companies a good way to capitalize on this growth.

Two semiconductor industry leaders to consider are (NYSE: WOLF) and Nvidia (NASDAQ: NVDA). The former commands over 50% market share in the silicon carbide (SiC) wafer sector, while the latter captured headlines as its stock soared over 170% in 2024, through the week ending Dec. 13, thanks to its leadership in AI semiconductors.

Both offer innovative technologies that make them attractive investments. Let's examine Wolfspeed and Nvidia to help you assess which is the better semiconductor stock for the long haul.

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Source Fool.com