2 Artificial Intelligence (AI) Stocks That Could Be the Next Nvidia
Broadcom(AVGO) The Motley Fool·2024-06-03 12:07
These companies could follow in Nvidia's footsteps in their respective niches.Nvidia (NASDAQ: NVDA) has capitalized on the rapid proliferation of artificial intelligence (AI) technology like no other company, grabbing an almost monopolistic position in the booming market for AI chips and witnessing phenomenal growth in its revenue and earnings that has been rewarded handsomely by the market.Shares of the graphics card specialist have shot up 115% in 2024 as of this writing. More importantly, Nvidia's rally ...