AI Chip Spending Is Projected to Hit $1.6 Trillion by 2030. Here Are the Stocks Positioned to Capture Much of It.
Cutting-edge semiconductors and high-bandwidth memory chips have spurred massive investments in this industry.
Overview
Consulting firm McKinsey expects semiconductor spending to reach approximately $1.6 trillion by 2030 as a base case. That would be up from $775 billion in 2024, and would amount to a compound annual growth rate of 13% over that period.
Not surprisingly, the AI megatrend is the tailwind behind much of that forecast increase, particularly when it comes to leading-edge chips and the high-bandwidth memory (HBM) markets. This means that a small number of companies will reap much of the gain from that growth.
Details
Knowing that, investors should watch the following three semiconductor stocks closely.
Source
Originally published at www.fool.com.
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