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Should You Buy Nvidia? These Chip Stocks Are Soaring as AI Demand Remains Hot.
Nvidia (NASDAQ: NVDA) continues to dominate the lion's share of the chips going into data centers for artificial intelligence (AI). The company just reported another monster quarter of growth, and the stock is closing in on new all-time highs.There's still a case for buying Nvidia stock, but investors shouldn't put all their chips in one basket (no pun intended). Nvidia is not capturing all the demand for AI semiconductors. Hyperscalers like Alphabet's Google and Amazon are designing custom chips for specific AI workloads in their cloud services, and this is creating tremendous growth for other leading semiconductor companies.Shares of Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM) recently were up 73% and 29%, respectively -- both outperforming Nvidia's 18% return over the last year. These chip stocks can broaden your exposure to the growing demand for AI chips across the data center market.Continue reading
Nvidia (NASDAQ: NVDA) continues to dominate the lion's share of the chips going into data centers for artificial intelligence (AI). The company just reported another monster quarter of growth, and the stock is closing in on new all-time highs.
There's still a case for buying Nvidia stock, but investors shouldn't put all their chips in one basket (no pun intended). Nvidia is not capturing all the demand for AI semiconductors. Hyperscalers like Alphabet's Google and Amazon are designing custom chips for specific AI workloads in their cloud services, and this is creating tremendous growth for other leading semiconductor companies.
Shares of Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM) recently were up 73% and 29%, respectively -- both outperforming Nvidia's 18% return over the last year. These chip stocks can broaden your exposure to the growing demand for AI chips across the data center market.
