Nvidia Who? 3 AI Plays Destined to Outshine the Industry Giant

InvestorPlace04-27

Nvidia (NVDA) minted more than a few millionaires by leading the way on AI, but these three are set to outperform the chip giant. Broadcom (AVGO): Few investors realize the mobile handset chipmaker is...

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3 AI Plays Destined to Outshine the Industry Giant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-27 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/nvidia-who-3-ai-plays-destined-to-outshine-the-industry-giant/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia (NVDA) minted more than a few millionaires by leading the way on AI, but these three are set to outperform the chip giant.\nBroadcom (AVGO): Few investors realize the mobile handset chipmaker is...</p>\n\n<a href=\"https://investorplace.com/2024/04/nvidia-who-3-ai-plays-destined-to-outshine-the-industry-giant/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0056508442.USD","symbol_name":"贝莱德世界科技基金A2","start_time":0,"source_url":"https://investorplace.com/2024/04/nvidia-who-3-ai-plays-destined-to-outshine-the-industry-giant/","article_id":"2430971695","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430971695","pubTimestamp":1714215600,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Nvidia  minted more than a few millionaires by leading the way on AI, but these three are set to outperform the chip giant.Broadcom : Few investors realize the mobile handset chipmaker is the second-largest AI chip stock behind Nvidia.Marvell Technology : Demand for electro-optical chips for AI-driven data centers will double this chipmaker’s sales this year.Taiwan Semiconductor Manufacturing : The contract manufacturer that most all AI chipmakers use will continue to have plenty of business.Nvidia  has been one of the primary beneficiaries of the early stages of AI’s breakout. Its advanced graphics processing unit  chips were readily able to handle the complex and all-consuming nature of AI’s demands. But with more competition developing equally powerful chips, Nvidia stock may not be the winning play it once was.The following three companies are AI stocks to outshine Nvidia in the next stage of the technology’s evolution and growth.Look for the chipmaker to readily surpass Nvidia in ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","INTC":"英特尔","BK4507":"流媒体概念","META":"Meta Platforms","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","MRVL":"迈威尔科技","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","QID":"纳指两倍做空ETF","AVGO":"博通","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","AVGOP":"BROADCOM INC PFD SER A 22","03145":"华夏亚洲高息股","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","NVDA":"英伟达","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4141":"半导体产品","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","CEO":"中海油","BK4503":"景林资产持仓","LU0861579265.USD":"联博低波幅策略股票基金A","AMD":"美国超微公司","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","PSQ":"纳指反向ETF","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4505":"高瓴资本持仓","TQQQ":"纳指三倍做多ETF","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","GOOG":"谷歌","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","GOOGL":"谷歌A","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","AMZN":"亚马逊","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","TSM":"台积电","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","SQQQ":"纳指三倍做空ETF","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC",".IXIC":"NASDAQ Composite"},"translate_title":"英伟达是谁？3人工智能注定要超越行业巨头","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1,"INTC":1,"META":1,"MRVL":1,"NVDA":1,"GOOGL":1,"GOOG":1,"CEO":1,"AVGO":1,"AMZN":1,"AMD":1,".IXIC":0.9,"AVGOP":0.67,"QQQ":0.6,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"SQQQ":0.6,"QLD":0.6,"03145":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Nvidia (NVDA) minted more than a few millionaires by leading the way on AI, but these three are set to outperform the chip giant.\nBroadcom (AVGO): Few investors realize the mobile handset chipmaker is the second-largest AI chip stock behind Nvidia.\nMarvell Technology (MRVL): Demand for electro-optical chips for AI-driven data centers will double this chipmaker’s sales this year.\nTaiwan Semiconductor Manufacturing (TSM): The contract manufacturer that most all AI chipmakers use will continue to have plenty of business.\n\n\n\n\n\n \n\nSource: whiteMocca / Shutterstock.com\n\n\n\nInvestors have been snookered by technology head fakes in the past. The metaverse was hardly the game-changing advance we were promised. Very few people, it turns out, actually want to be connected to their computers all day, every day to work, play and interact. The metaverse may hold some value but the exponential market opportunity analysts predicted seems way off the mark.\nArtificial intelligence (AI) is different. Today, businesses are realizing tangible real-world benefits of utilizing AI. Speed bumps will emerge along the way, of course. Energy consumption is going to strain just how far the technology can go. Water for cooling systems will divert an already scarce resource from other equally vital needs. But unlike the metaverse, AI is the real deal.\nNvidia (NASDAQ:NVDA) has been one of the primary beneficiaries of the early stages of AI’s breakout. Its advanced graphics processing unit (GPU) chips were readily able to handle the complex and all-consuming nature of AI’s demands. But with more competition developing equally powerful chips, Nvidia stock may not be the winning play it once was.\nThe following three companies are AI stocks to outshine Nvidia in the next stage of the technology’s evolution and growth. \nBroadcom (AVGO)\nSource: Sasima / Shutterstock.comAlthough best known as a smartphone chipmaker, Broadcom (NASDAQ:AVGO) flies under the radar of many investors as an AI stock. They might be surprised to learn Broadcom is actually the second-largest AI chipmaker by revenue behind Nvidia.\nThe chipmaker generated $4 billion in annual AI revenue last year but reported $2.3 billion in the first quarter, quadruple the year-ago figure. It estimates 35% of fiscal 2024 revenue will come from AI, or some $10 billion. Previously the chipmaker forecast a quarter of its revenue, or $8 billion, would be from AI but growth is accelerating.\nThe reason for the increase is data center demand from hyperscalers. Broadcom’s custom AI accelerators are behind the designs of the Tensor Processing Units (TPU) from Alphabet (NASDAQ: GOOG)(NASDAQ:GOOGL). Also, it designed a custom chip for Meta Platforms (NASDAQ:META). At its investor day in March, Broadcom announced it signed on a third large cloud customer for its AI accelerators.\nLook for the chipmaker to readily surpass Nvidia in the near future.\nMarvell Technology (MRVL)\nSource: Michael Vi / Shutterstock.comMarvell Technology (NASDAQ:MRVL) is another surprising AI chipmaker that is on a path to outshine Nvidia. The chipmaker is looking for AI revenue to double this year and then keep doubling for several years thereafter. It expects to generate $2.6 billion in AI sales by 2026.\nIt counts Amazon (NASDAQ:AMZN) as a customer, and earlier this month announced it won another large customer for its AI chips. The one downside for Marvell Technology is that its custom chips carry lower gross margins than its off-the-shelf chip business. \nYet, custom chips will be a significant driver of future revenue growth. And Marvell Technology is looking to make up in volume what it loses in margins. For that reason, the chipmaker maintained its gross margin forecast when it reported earnings recently. Marvell says adjusted gross margins will be between 62% and 63% in the fiscal first quarter.\nWhere the chipmaker is expected to excel is in the electro-optical chips that sell into data centers and AI networks. With both channels anticipated to see significant expansion in the coming years, Marvell Technology will experience rapid growth.\nTaiwan Semiconductor Manufacturing (TSM)\nSource: Piotr Swat / Shutterstock.comThe last stock that should outshine Nvidia in the future is Taiwan Semiconductor Manufacturing (NYSE:TSM). As the world’s largest chip foundry pureplay, just about every chipmaker turns to TSM to make its chips – Nvidia included.\nWhen the chipmaker reported earnings the other day, it shook the market by implying a slowdown coming in the semiconductor market. However, it forecast its own business to keep growing with guidance of “low- to mid-20%” revenue growth. AI was the primary reason for it.\nChief Executive Officer (CEO) C.C. Wei said the contract manufacturer was still experiencing a “surge in AI-related demand.” He termed it “insatiable.” It is yet another semiconductor stock expecting AI to cause revenue to “more than double this year.” TSM forecasts AI will represent a “low-teens” percentage of full-year sales.\nWith Nvidia, Broadcom, Advanced Micro Devices (NASDAQ:AMD) and even Intel (NASDAQ:INTC) as top customers, so long as their respective AI business grows, you can be sure Taiwan Semiconductor Manufacturing will outshine them all.\nOn the date of publication, Rich Duprey did not hold (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.\nRich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.Technology, Artificial Intelligence, SemiconductorGrowth Stocks\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/nvidia-who-3-ai-plays-destined-to-outshine-the-industry-giant/.\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":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"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/2430971695"}