Nvidia Stock Is Up 173% in 2024, but Here's Another Super Semiconductor Stock to Buy Hand Over Fist, According to Wall Street

Investors who own Nvidia stock might benefit from adding its top competitor to their portfolio.Nvidia (NVDA 1.99%) CEO Jensen Huang thinks data center operators will spend $1 trillion upgrading their infrastructure over the next five years in order to support demand from artificial intelligence (AI) developers. Part of that money will be spent on graphics processing units (GPUs), which are the optimal chips for AI training and AI inference.Nvidia is the top supplier of data center GPUs, and its stock has so ...