Investors should consider chip stocks like Taiwan Semiconductor, Micron, AMD, ASML, Qualcomm, Broadcom, and Skyworks.

From InvestorPlace: 2024-04-15 17:51:14

Investors seeking chip stocks should look beyond Nvidia. Taiwan Semiconductor, the largest foundry globally, leads chip manufacturing demand with a 20% revenue growth forecast. Micron, despite past losses, sees a turnaround with high bandwidth memory in demand. AMD challenges Nvidia with cheaper but powerful AI chips. ASML dominates lithography machines, while Qualcomm drives AI in phone sales. Broadcom aids chip firms in AI output, offering reliability and growth. Lastly, Skyworks benefits from generative AI in handsets, despite Apple’s potential chip production in-house.



Read more at InvestorPlace: 7 Strong Chip Stocks to Buy Not Named Nvidia