From Nasdaq: 2024-07-10 03:47:00

In 2016, Nvidia CEO Jensen Huang delivered the first AI supercomputer to OpenAI, a pivotal moment in AI history. Nvidia is a leader in designing GPUs for AI developers and is set to release new chips for more powerful AI applications. Nvidia stock has tripled in the past year. Investors might consider semiconductor stocks during the AI revolution.
Advanced Micro Devices (AMD) is gaining traction with its MI300 GPU, outperforming Nvidia in some areas. AMD’s data center revenue surged in Q1 2024. With a leadership position in AI for personal computing, AMD stock could be a smart buy with growing AI revenue in both data center and PC segments.
Axcelis Technologies, a company specializing in ion implantation equipment, stands to gain from the AI revolution driving demand for higher capacities in processors and memory chips. Despite strong growth, Axcelis stock is trading at a discount compared to its peers, presenting a potential opportunity for investors.
Broadcom is a multifaceted AI play with hardware and software networking solutions for data centers. The company’s switches have seen sales success, and its subsidiaries are utilizing AI technology. Broadcom reported a companywide AI revenue surge and expects significant revenue from AI in fiscal 2024.
Micron Technology is a key player in the AI revolution due to the demand for memory chips in AI-enabled devices and data centers. Micron’s LPDDR5X memory chip is in use by top smartphone manufacturers for AI smartphones. Micron’s HBM3e memory solution is used in Nvidia’s H200 GPU for AI inference, driving substantial revenue growth predictions.



Read more at Nasdaq: 5 Super Semiconductor Stocks to Buy Hand Over Fist for the Artificial Intelligence (AI) Revolution