Prediction: This Stock Will Benefit Even More Than Nvidia From the AI Boom
When you think of artificial intelligence (AI) winners, Nvidia (NASDAQ: NVDA) may be the first to come to mind. The company holds 80% of the AI chip market, with its graphics processing units (GPUs) powering some of the most important workloads out there. Nvidia's earnings have climbed in the triple digits in recent quarters thanks to this dominance, and its stock's performance has followed.
But my prediction is that another company will benefit even more than Nvidia from the AI boom over the long run. This particular company not only wins when it launches a new product, but it also scores a victory when Nvidia and any of the world's top chip designers release something new.
In addition, this company has reported soaring earnings in recent years -- and this year, its stock has even been outperforming Nvidia's. It's advanced more than 180%, while Nvidia's climbed 140%. Let's take a closer look at this current and future AI winner.
Source Fool.com
