Forget AMD: 4 AI Stocks That Could Beat the Crowd
The article suggests that instead of investing in AMD, investors should consider four AI stocks: Micron Technology, Broadcom, Marvell Technology, and ASML, as they are essential to the AI buildout. These companies are suppliers and design partners that get paid regardless of which GPU vendor wins.
The AMD-as-Nvidia-alternative trade is considered crowded. Instead, investors should focus on picks-and-shovels suppliers and design partners. Micron Technology reported fiscal Q1 revenue of $13.64 billion, up 56.6% year over year. Broadcom's AI semiconductor revenue was $8.40 billion, up 106% year over year. ASML, with a monopoly on EUV lithography, reported Q1 revenue of $10.34 billion and a year-end backlog of $45.06 billion. These companies are essential to the AI buildout and deserve a closer look.
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