Not Nvidia. Not Micron. This Dirt Cheap “Magnificent Seven” Stock Could Be the Biggest Winner of the Trillion-Dollar AI Race – Here’s the Case.
This company is already greatly benefiting from AI.
Overview
Nvidia and Micron Technology have been among the biggest winners for investors in the artificial intelligence (AI) space. That's because of their leading positions in two of the key areas driving the AI boom -- compute and the memory needed for AI operations. Nvidia is the world's No. 1 designer of graphics processing units (GPUs), high-powered chips driving key AI tasks like training and inference. And Micron is one of the top makers of the memory and storage chips essential to AI.
All of this has been reflected in these companies' earnings as well as in stock price performance. Nvidia's revenue soared in the triple digits to $96 billion, and Micron's also climbed in the triple digits to $41 billion in the latest quarter. As for the shares, they've advanced 900% and 1,300%, respectively, over five years.
Details
Though these companies are clear AI winners, moving forward, another player may rise to the top. In fact, this dirt cheap "Magnificent Seven" stock could be the biggest winner of the trillion-dollar AI race. Here's the case.
Source
Originally published at www.fool.com.