Micron (NASDAQ: MU) and Advanced Micro Devices (NASDAQ: AMD) represent two ways to invest in the expansion of the semiconductor market. Micron is a major producer of DRAM and NAND memory chips, while AMD sells x86 CPUs and discrete GPUs.

Both chipmakers are underdogs in their respective markets. Micron ranks second in DRAM and fifth in NAND, according to technology market intelligence firm TrendForce, while Samsung is the leader in both markets.

AMD controls 35% of the x86 CPU market, according to PassMark Software, and 10% of the discrete GPU market, according to JPR. Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) lead the x86 CPU and discrete GPU markets, respectively.

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Source Fool.com