2 Artificial Intelligence (AI) Semiconductor Stocks That Could Join Nvidia in the $1 Trillion Club
Broadcom(AVGO) The Motley Fool·2024-06-10 11:45
Nvidia isn't the only chipmaker that's experiencing huge revenue growth thanks to AI.Nvidia (NVDA -0.09%) has emerged as the dominant force in the AI data center chip industry. As big tech ramps up spending on new artificial intelligence (AI) models, Nvidia's cutting-edge graphics processing units (GPUs) have been critical to their needs for rapid computational power.Nvidia commands an estimated 80% of the AI chip market. As a result, its stock price has rocketed higher -- joining the $1 trillion club last ...