Got $100? 1 Artificial Intelligence (AI) Semiconductor Stock to Buy Hand Over Fist Right Now (Hint: It's Not Nvidia)
Nvidia has been the most popular chip stock for two years now, but another opportunity is emerging in the background.
It's been a rough year for semiconductor stocks so far. As of market close on April 30, the VanEck Semiconductor ETF has fallen by 13%. To put that into perspective, this is more than double the losses witnessed in the S&P 500 so far this year.
Among one of the more notable laggards in the semiconductor space this year is Nvidia, which has seen its market value drop by nearly $1 trillion. Indeed, the rare dip in Nvidia stock presents a tempting opportunity for growth investors right now. However, there's another name in the chip realm that I think is going overlooked.
Let's dig into the entire operation at Advanced Micro Devices (NASDAQ: AMD). At just $100 a share, could AMD stock be your next winning ticket in the artificial intelligence (AI) revolution?
