Wall Street Thinks This AI Stock Has 56% Upside. I Think Another Rising AI Stock Can Do Better.
There's no question that Nvidia has been the belle of the artificial intelligence (AI) ball on the stock market this year.
Shares of the chipmaker, best known for its graphics processing units (GPUs), have soared this year; they've nearly tripled, blowing away analyst expectations in the company's last two quarters.
While most of its semiconductor peers are struggling with cyclical headwinds, including an inventory glut and lower prices as pandemic effects rolled off, Nvidia's sales have skyrocketed. The chart below shows how quickly Nvidia's business has responded to demand for AI chips:
Source Fool.com