Recently, Nvidia CEO Jensen Huang predicted that chipmaker Marvell Technology would be the next trillion-dollar company, and there are other well-known semiconductor stocks like Advanced Micro Devices and Intel that are making their way toward that milestone.
However, the next trillion-dollar company might actually be an artificial intelligence (AI) player most people don't know about. Lam Research(NASDAQ: LRCX) is deeply ingrained in AI infrastructure and has a solid path to long-term growth. And its market cap has more than doubled year to date to exceed $500 billion.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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