"Wall Street's Top Semiconductor Stock Picks and Nvidia's Market Dominance"
Wall Street analysts are bullish on semiconductor stocks Advanced Micro Devices (AMD) and Axcelis Technologies (ACLS) as alternatives to Nvidia. AMD is gaining traction in the data center market with its MI300 lineup, competing with Nvidia's AI processing units, and experiencing strong commercial demand for AI-enabled personal computers. Axcelis Technologies, a critical part of the chip fabrication process, is seeing increased demand from producers of silicon carbide power devices and AI-related semiconductors, with a record revenue in 2023 and a promising order backlog for 2024. Both stocks are considered attractive investment opportunities by analysts.
