The Overlooked Chip Stock Poised to Outperform Nvidia, AMD, and Broadcom in the AI Semiconductor Boom
Qualcomm is gradually making a dent in the AI chip market.
Overview
Nvidia, Advanced Micro Devices, and Broadcom are among the leading artificial intelligence (AI) semiconductor companies, as major hyperscalers and AI labs are deploying their chip designs to run workloads in data centers.
Not surprisingly, all three companies have surged impressively over the past three years, clocking gains of more than 300% on the market. These semiconductor stocks could continue to deliver healthy long-term growth, driven by aggressive investments in AI data center infrastructure. However, there is a strong likelihood that they could be overshadowed by an underrated semiconductor company that has failed to capitalize on the AI boom so far -- Qualcomm (NASDAQ: QCOM).
Details
Let's look at the reasons why Qualcomm could outperform its peers.
Source
Originally published at www.fool.com.