2 AI Chip Stocks to Buy Not Named Nvidia
When it comes to artificial intelligence (AI) and semiconductors, one name seems to find itself at the top of the leaderboard: Nvidia. But for investors looking to build a diversified portfolio, it would behoove them to look beyond the latest company to reach the trillion-dollar market cap club.
Two other leaders in AI chips are Advanced Micro Devices (NASDAQ: AMD) and Qualcomm (NASDAQ: QCOM). While each company has enjoyed gains in the stock price on a year-to-date basis, this is likely driven by the euphoria around AI and the momentum it's brought to the Nasdaq Composite index at large.
Over the last three months, both AMD and Qualcomm have given up some prior gains. Given this reversion, now may be an opportunity to lower your cost basis and scoop up some shares at an attractive level.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 88 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 175 € shows a positive potential of 37.43% compared to the current price of 127.34 € for Advanced Micro Devices Inc..
