Nvidia and Broadcom have seen a slight dip from their all-time highs, but their market capitalizations have soared this year due to investor interest in AI. Intel, Micron Technology, and ON Semiconductor may be better growth stocks to buy now due to their potential for growth and value.
Intel, despite a rough year, is undergoing a transformation with a focus on long-term growth projects and AI products. This strategic shift may test investor patience, but an attractive valuation and optimistic earnings forecast suggest potential growth.
Micron Technology is developing new facilities supported by federal grants, positioning the company well for future growth. With high-bandwidth memory products in demand and strong cash flow growth, Micron is a solid choice for investors seeking semiconductor stocks.
ON Semiconductor has faced challenges in its end markets, leading to a decline in stock price. However, long-term growth potential in electric vehicles and industrial automation makes it a promising investment at its current valuation.
Consider these semiconductor stocks for growth potential instead of Nvidia and Broadcom, which have recently undergone stock splits. Intel, Micron Technology, and ON Semiconductor offer opportunities for investors looking for growth and value in the AI sector.
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https://finance.yahoo.com/news/instead-buying-dip-stock-split-134500512.html
