Top AI Stocks Beyond Nvidia: Micron Technologies and Taiwan Semiconductor Manufacturing
Introduction
There are more ways to play the AI boom than just Nvidia. The AI bull market is here. Stocks are back at all-time highs, thanks largely to a new boom in artificial intelligence (AI).
Micron Technologies - A Promising Contender
Micron Technologies (NASDAQ: MU) is a leader in memory chips, essential for AI servers. As demand for AI servers grows, Micron anticipates record revenue and profitability in the upcoming years. CEO Sanjay Mehrotra foresees significant growth opportunities for Micron in the AI sphere, making it a potential winner in the AI market.
Taiwan Semiconductor Manufacturing - The Giant in Chip Manufacturing
Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest contract semiconductor foundry, dominates chip manufacturing with a market share exceeding 50%. Its advanced chip production caters to AI models, solidifying its position in the industry. TSMC's profitability, affordability, and market power ensure its resilience and potential for continuous growth in the AI market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.