2 Super Semiconductor Stocks (Besides Nvidia) to Buy Hand Over Fist in 2024
Artificial intelligence (AI) is a dominant stock market theme right now. The technology wouldn't be possible without advanced semiconductors, which is why Nvidia stock soared 239% in 2023, making it the top performer in the S 500.
Nvidia's industry-leading data center chips remain in hot demand, but 2024 might be the year several other semiconductor stocks benefit from the AI revolution. The data center will remain critical to developing AI, but the technology is quickly progressing to edge devices, like computers and smartphones, creating an entirely new opportunity.
Here's why investors might want to buy shares of Advanced Micro Devices (NASDAQ: AMD) and Micron (NASDAQ: MU) this year.
Source Fool.com
Advanced Micro Devices Inc. Stock
€131.14
1.710%
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 34.21% for Advanced Micro Devices Inc. compared to the current price of 131.14 €.
