My Best Semiconductor Growth Stock to Buy Now and Hold

When investors think about the semiconductor space, chipmakers like Texas Instruments and Nvidia typically come to mind. There's a good reason for that. Both are leaders in different verticals of the industry. But a growing number of companies are now designing their own chips, and those custom-built technologies can have a big impact on a business. For instance, Apple's M1 chips have supercharged its lineup of electronic devices, and Amazon's Graviton chips have made its data centers more efficient.

Building on that idea, Tesla (NASDAQ: TSLA) looks like a smart, albeit non-traditional, way to invest in the semiconductor industry. Here's why.

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Source Fool.com