"Top AI Semiconductor Stock with 87% Growth Potential: February 2024 Watchlist"

1 min read
Source: Yahoo Finance
"Top AI Semiconductor Stock with 87% Growth Potential: February 2024 Watchlist"
Photo: Yahoo Finance
TL;DR Summary

Bloomberg Intelligence predicts a $1.3 trillion annual revenue opportunity in 2032 from generative AI technology, driving Nvidia's stock up 205% in the past year. Skyworks Solutions, a cheaper alternative, faces challenges due to heavy reliance on Apple, resulting in revenue declines. However, the potential growth of generative AI-enabled smartphones could boost Skyworks' stock by 87% in the future, making it an attractive investment opportunity.

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