Missed Out on Nvidia? My Best Semiconductor Stock to Buy and Hold
Nvidia's stock price was cut in half this year as rising rates drove investors away from higher-growth tech stocks. But over the past 10 years, Nvidia's stock still delivered a total return of nearly 4,500% -- making it one of the semiconductor sector's greatest growth plays.
Nvidia will likely continue to sell more GPUs to the gaming and data center markets, but analysts expect its growth to cool off over the next few years as those markets mature. Therefore, investors looking for a more promising semiconductor growth story should check out ASML Holdings (NASDAQ: ASML), a Dutch company that trades at roughly half of Nvidia's market cap.
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Source Fool.com
