Better Artificial Intelligence Stock: Nvidia vs. Broadcom
Over the past year, businesses raced to implement artificial intelligence (AI) technologies, and that boosted sales for semiconductor chip makers Nvidia (NASDAQ: NVDA) and (NASDAQ: AVGO). Both sell components required to implement AI in data centers designed for cloud computing, the ideal place for AI to satisfy its need for massive computing power.
As a result, Broadcom and Nvidia are positioned to benefit for years as the AI industry expands from 2023's global market size of $136 billion to an estimated $827 billion by 2030. This is one reason owning shares in both is a great way to invest in the secular trend of AI.
However, if you had to choose just one of these semiconductor giants to invest in, which would make the better AI investment? Here's a breakdown of each to arrive at an answer.
Source Fool.com
Broadcom Ltd. Stock
The stock is one of the favorites of our community with 67 Buy predictions and 1 Sell predictions.
Based on the current price of 154.64 € the target price of 1384 € shows a potential of 794.98% for Broadcom Ltd. which would more than double the current price.
