4 Super Semiconductor Stocks to Buy for the Artificial Intelligence Boom
What is a data center? It's a dedicated building filled mostly with clusters of computer servers working in unison to complete tasks, and it's typically managed by tech giants like Microsoft and Amazon (NASDAQ: AMZN). Millions of businesses rent those data centers to store their data, run their online sales channels, and even develop software. This is called cloud computing.
Those businesses now demand more computing power than ever so they can develop, train, and deploy artificial intelligence (AI) applications using those centralized data centers. That's driving a surge in demand for advanced chips capable of handling AI workloads, and it could be a multiyear opportunity for semiconductor companies that supply the chips that power those servers.
With that in mind, the following four chip stocks could benefit significantly from the AI boom, and you might want to buy them now.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 6.37% for Microsoft Corp. compared to the current price of 394.85 €.
