"Uncover the Next Big AI Stock Set to Surge 87% Amid Red-Hot Opportunity"

1 min read
Source: The Motley Fool
"Uncover the Next Big AI Stock Set to Surge 87% Amid Red-Hot Opportunity"
Photo: The Motley Fool
TL;DR Summary

Bloomberg Intelligence forecasts a $1.3 trillion annual revenue opportunity in 2032 from generative AI technology, driving Nvidia's stock up 205% in the past year. However, investors seeking a cheaper alternative can consider chipmaker Skyworks Solutions, which has seen a decline in revenue and earnings due to its heavy reliance on Apple. With the anticipated growth of generative AI-enabled smartphones, Skyworks could benefit from its close ties with Apple and potentially see an 87% stock price increase by 2026.

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