Top 11 Semiconductor Stocks for Investing in the AI Boom

In this article we examine the top 11 semiconductor equities for investment in the AI boom. If you choose to skip our preliminary remarks about the semiconductor industry, you can go directly to the 5 Top Semiconductor Investments for the AI Boom.

Earlier this year, OpenAI’s co founder and chief executive officer Sam Altman spoke of the enormous financial needs of the semiconductor industry where artificial intelligence applications are concerned. Altman referenced $7 trillion needed to fund possible AI use cases. He also discussed the impact of AI on global as well as other infrastructure.

The $7 trillion estimate aligns with views expressed by other high computing and semiconductor design industry leaders. For instance, during the second quarter of its previous fiscal year, semiconductor corporation NVIDIA’s founder and CEO Jensen Huang stated:

“The world has something along the lines of about $1 trillion worth of data centers installed, in the cloud, in enterprise and otherwise. And that $1 trillion of data centers is in the process of transitioning into accelerated computing and generative AI. . . The reason for that is because it’s the most cost-effective, most energy effective and the most performant way of doing computing now.”

Huang and Altman are of the opinion that the global semiconductor industry can grow numerously billions of dollars.

On the day that Huang made the comments, shares of NVIDIA Corporation were trading at $450 – $460, and had you bought NVIDIA’s stock based on his words, your investment would have become worth an approximately 45% more.

The comments of Huang and Altman were not isolated, with others like Intel Corporation, Advanced Micro Devices, Inc., and the Taiwan Semiconductor Manufacturing Company also commenting on the benefits for semiconductor stocks from AI-related growth.

Other companies involved in AI should also realize gains, for example Lam Research Corporation and Synopsys, Inc.

Today we will examine a few semiconductor stocks that hedge funds are acquiring. . . .

11 Best Semiconductor Stocks To Invest In for the AI Boom

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