Forget Nvidia: 2 Super Semiconductor Stocks to Buy Hand Over Fist, According to Wall Street
Nvidia (NASDAQ: NVDA) stock has popped 223% over the past year, catapulting the company to a $2.1 trillion valuation (only Apple and Microsoft are worth more). Nvidia makes powerful graphics processing chips (GPUs) for the data center that are designed to handle artificial intelligence (AI) workloads, and the company is overwhelmed with demand.
But while investors are (understandably) laser-focused on Nvidia, they might be overlooking other opportunities in the chip sector. According to The Wall Street Journal, analysts have a consensus overweight (bullish) rating on two other names: Micron Technology (NASDAQ: MU) and Axcelis Technologies (NASDAQ: ACLS).
Here's why following Wall Street's lead and buying shares of Micron and Axcelis might be an excellent idea.
Source Fool.com
Micron Technology Inc. Stock
Our community is currently high on Micron Technology Inc. with 72 Buy predictions and 5 Sell predictions.
As a result the target price of 112 € shows a slightly positive potential of 6.93% compared to the current price of 104.74 € for Micron Technology Inc..
