From Nasdaq: 2024-04-13 10:45:00

Investors are eyeing huge gains from the AI boom, set to boost the global economy by $15.7 trillion. Two tech leaders, Advanced Micro Devices (AMD) and Nvidia, are well-positioned to deliver AI-driven profits. AMD’s new chipsets target a $400 billion opportunity in AI accelerators for data centers, with potential for massive market growth.

Nvidia dominates the AI chip market, while AMD aims to compete with innovative chip designs for AI accelerators. Leading tech giants like Meta Platforms and Microsoft are interested in AMD’s offerings for cloud computing efficiency gains. AMD is also entering the AI-enabled PC market, with potential for substantial growth as more PCs become AI-capable.

Taiwan Semiconductor Manufacturing (TSMC) is vital in assembling chips for tech giants like AMD and Nvidia. TSMC has grown its revenue and earnings by over 17% annually for three decades and is planning new factories in the U.S., Germany, and Japan. Demand for AI chips has already boosted TSMC’s revenue significantly.

For investors considering Taiwan Semiconductor Manufacturing, Motley Fool Stock Advisor suggests other top stocks for potential high returns. The service has outperformed the S&P 500 since 2002 with expert guidance and monthly stock picks. Some of the top picks exclude TSMC, focusing on stocks likely to generate significant returns in the coming years.

Randi Zuckerberg, former Facebook director, serves on The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Advanced Micro Devices (AMD), Apple, Meta Platforms, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. They recommend specific options related to Intel and Microsoft stock.



Read more at Nasdaq: 2 Top Artificial Intelligence (AI) Growth Stocks to Buy Now