This Magnificent Stock Could Be a Top Contender for the Trillion Dollar Club: Here's Why Investors Should Buy It Hand Over Fist.
Back in May, Nvidia became the first chipmaker to reach a trillion-dollar market cap. The rapid expansion of the AI market over the past year, which lit a fire under its data center GPU business, pushed it past that milestone.
Nvidia's rapid growth prompted many investors to search for the next chipmaker that has a shot at joining the 12-zero club. However, Nvidia's closest competitors -- Intel and -- only have a combined market cap of about $300 billion and face tough near-term challenges in the PC market. TSMC, the world's most advanced contract chipmaker, would still need to more than double its current market capitalization to reach $1 trillion.
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Source Fool.com
Advanced Micro Devices Inc. Stock
€121.44
-1.170%
The stock is one of the favorites of our community with 88 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a positive potential of 44.1% for Advanced Micro Devices Inc. compared to the current price of 121.44 €.
