Missed Nvidia Stock? Pay Attention to This Semiconductor Stock Instead
In just a couple of years, Nvidia has gone from niche PC video game chip designer to household name -- at the very heart of conversations surrounding AI. Nvidia stock has rallied 164% so far in 2023 and is up nearly 11,000% over the last 10 years.
But there's a lot more to the AI story. Nvidia may command the spotlight at the moment, but don't fret if you missed the boat. Give Applied Materials (NASDAQ: AMAT) some attention right now.
Applied Materials is a chip fabrication equipment maker. It makes and sells the complex machinery used to make chips by chip fabs (a fab is a factory that makes semiconductors). Currently, Applied is just ahead of ASML Holding as the largest chip fab equipment provider as measured by annual revenue.
Source Fool.com
