"3 Chip Stocks Poised to Outperform Nvidia in 2024"
Nvidia's exceptional performance in 2023, driven by the AI boom, saw its stock soar by 239%, but looking ahead to 2024, three other chip stocks could potentially outperform Nvidia. Advanced Micro Devices (AMD) is poised to challenge Nvidia with its new AI accelerators and recent AI-focused acquisitions. ACM Research, a company specializing in semiconductor wafer cleaning, could benefit from increased technical demands in AI chip production. Taiwan Semiconductor (TSMC), the world's largest contract semiconductor foundry, is expected to see growth from the AI sector and is well-positioned for a broader chip sector recovery in 2024. These companies may offer attractive investment opportunities as they gear up to meet the expanding AI market demands.
