3 Artificial Intelligence (AI) Stocks That Are Expected to Grow at Faster Rates Than Nvidia Over the Next Couple of Years, According to Analysts
Analysts project that Broadcom, Advanced Micro Devices, and Marvell Technology will grow at faster rates than Nvidia over the next couple of years. Broadcom is expected to grow its revenue at a CAGR of 35.6%, while Advanced Micro Devices is projected to grow at 35.2%.
Nvidia is currently the most valuable company in the world, with a market cap of around $4.9 trillion, due to its highly popular AI chips. However, analysts project that it may experience slower growth, with a CAGR of 26.2% over the next couple of years. Three stocks are expected to grow at faster rates: Broadcom, Advanced Micro Devices, and Marvell Technology. Broadcom is projected to grow its revenue at a CAGR of 35.6%, driven by its custom chip business. Advanced Micro Devices is expected to grow at 35.2%, fueled by its new AI chips and partnerships with OpenAI and Meta Platforms. Marvell Technology, which Nvidia recently invested $2 billion in, is also expected to experience significant growth.
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