Chip Champs: 3 AI Hardware Picks to Supercharge Your Investment Portfolio

InvestorPlace04-24

Here are three AI hardware stocks that can benefit from the chip sector’s expansion. Astera Labs (ALAB): Many top banks are very upbeat on this young, rapidly growing firm. Broadcom (AVGO): The AI ...

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Here are three AI hardware stocks that can benefit from the trend.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4575":"芯片概念","TSM":"台积电","META":"Meta Platforms","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","ALAB":"Astera Labs, Inc.","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","BK4077":"互动媒体与服务","LU0861579265.USD":"联博低波幅策略股票基金A","SQQQ":"纳指三倍做空ETF","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4579":"人工智能","03145":"华夏亚洲高息股","QID":"纳指两倍做空ETF","LU0056508442.USD":"贝莱德世界科技基金A2","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4503":"景林资产持仓","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","AVGO":"博通","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H",".IXIC":"NASDAQ Composite","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","QLD":"纳指两倍做多ETF","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","PSQ":"纳指反向ETF","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","QQQ":"纳指100ETF","GOTU":"高途","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","TQQQ":"纳指三倍做多ETF","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4529":"IDC概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4507":"流媒体概念","NVDA":"英伟达","BK4506":"内地教育股"},"translate_title":"芯片冠军：3个人工智能硬件选择增压你的投资组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1,"ALAB":1,"AVGO":1,"META":1,"NVDA":1,".IXIC":0.82,"GOTU":0.62,"TQQQ":0.6,"QQQ":0.6,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"03145":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Here are three AI hardware stocks that can benefit from the chip sector’s expansion. \nAstera Labs (ALAB): Many top banks are very upbeat on this young, rapidly growing firm.\nBroadcom (AVGO): The AI hardware firm is expanding into many new portions of the AI supply chain. \nTaiwan Semiconductor Manufacturing (TSM): The huge chip maker reported strong Q1 results. \n\n\n\n\n\n \n\nSource: khunkornStudio / Shutterstock.com\n\n\n\nLongtime chip analyst Stacy Rasgon recently told Investor’s Business Daily  that the development of AI infrastructure would still be occurring five or ten years from now. Moreover, Rasgon stated that Nvidia (NASDAQ:NVDA) is still benefiting from strong demand for its products, and he thinks that those who believe that the company will experience any sort of downturn soon are mistaken. Rasgon’s comments are certainly positive for AI hardware stocks other than Nvidia which are benefiting a great deal from the AI boom. Here are three such AI hardware stocks that are well-positioned to generate high profits for investors. \nAstera Labs (ALAB)\nSource: T. Schneider / Shutterstock.comAstera Labs (NASDAQ:ALAB) develops connectivity chips for cloud and artificial intelligence data centers. \nInvestment bank Barclays contended that Astera was poised to benefit from the ongoing proliferation of AI. The bank believes that the firm is ahead of the competition when it comes to providing data centers with the connectivity products that facilitate certain uses of AI which are likely to become much more prevalent over the long-term. Barclays started overage of ALAB with an $85 price target and an “overweight” rating. \nThe bank expects over 80% of ALAB’s revenue to be generated from products related to AI in 2024. As a result, I expect the firm to benefit tremendously from the continued, rapid proliferation of the technology. And in my view, that makes ALAB one of the best AI hardware stocks to buy now. \nBroadcom (AVGO)\nSource: Sasima / Shutterstock.comBroadcom (NASDAQ:AVGO) provides many types of top-notch AI hardware and AI chips, including a new ethernet switch. AVGO also offers a chip whose neural network helps it avoid AI workloads from getting too dense and slowing down. Further, the company launched Jericho3-AI switch chips last year which are competitive with the more commonly used AI switch chips. Finally, Broadcom is selling custom AI chips to the large cloud infrastructure players.\nThe firm’s strategy appears to be working as its revenue jumped 34% versus the same period a year earlier. Meanwhile, its earnings per share advanced 6% year-over-year to $10.99. Moreover, the firm says that it expects AI products to represent 35% of its sales this year. And it expects its financial results to be significantly boosted by higher demand for its AI products. \nAlso noteworthy is that Broadcom has reported that it has recruited a second major customer for its AI ASIC chips. According to Japanese bank Mizuho, that customer is Meta (NASDAQ:META).\nTaiwan Semiconductor Manufacturing (TSM)\nSource: ToyW / ShutterstockDespite the market’s poor reaction to Taiwan Semiconductor Manufacturing’s (NYSE:TSM) first-quarter results, they were actually quite good. The firm’s top-line jumped 13% versus the same period a year earlier to $18.87 billion. Plus, its net income increased 9% year-over-year to $6.9 billion. Moreover, the chip maker expects its top-line to rise by an impressive total of 20% to 25% this year.\nTSM reported that it was benefiting from strong sales of its high-performance computing chips which are used to create AI. According to CEO C.C. Wei, almost all the AI innovators are working with TSMC to address their demands for energy efficient computing power.\nIn the wake of TSM stock’s recent pullback, its enterprise value/EBITDA ratio is a very low 0.56 times. \nOn the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nLarry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.Artificial Intelligence, Technology\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/chip-champs-3-ai-hardware-picks-to-supercharge-your-investment-portfolio/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429714442"}