3 Overlooked Growth Stocks Powering Every AI Chip Nvidia and AMD Build
These companies are essential to the development of every chip sold by Nvidia and AMD.
Overview
Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) are seeing booming demand for graphics processing units (GPUs). The consensus estimate has both companies growing revenue roughly 90% and 45%, respectively, this year. But you don't have to choose between winners and losers in this GPU rivalry.
Every chip still has to be designed, printed, and paired with fast memory before it can train or run an AI model. ASML (NASDAQ: ASML), Synopsys (NASDAQ: SNPS), and Micron Technology (NASDAQ: MU) provide these essential steps in the chipmaking process, offering investors another way to ride the growing demand across the chip industry.
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Originally published at www.fool.com.