Is Taiwan Semiconductor Stock a Buy Now?
It may seem that every investor is chasing AI. Artificial intelligence -- particularly generative AI that is used for everything from personalized recommendations to video generation and scientific research -- has been a hot topic in recent years, and that will surely continue. Research suggests that the global generative AI market will be $67 billion this year, increasing to $442 billion by 2031. That's a dynamic compound annual growth rate (CAGR) of 37%.
While investing in Nvidia (NASDAQ: NVDA) has been a popular way for investors to profit in the AI boom, there's another name that I think is an even better opportunity.
There's going to be some powerful competition in the coming years for designing the graphic processing units, or GPUs, that are necessary to power large language models (LLMs) and run generative AI programs. Nvidia is certainly in the driver's seat with as much as 90% of the market share. And there are companies, like Advanced Micro Devices and Intel, that are trying to make inroads. Amazon, , Microsoft and Meta Platforms are also working to develop their own specialized chips that would cut into Nvidia's dominance.
Source Fool.com
Alphabet Inc. A Stock
The stock is one of the favorites of our community with 147 Buy predictions and 4 Sell predictions.
As a result the target price of 307 € shows a slightly positive potential of 8.98% compared to the current price of 281.7 € for Alphabet Inc. A.
