NVIDIA stock has dropped 10% from its all-time high but remains a top AI chipmaker. CEO Jensen Huang is optimistic about the company’s growth potential despite high valuation. Investors looking for alternative AI stocks may consider Advanced Micro Devices (AMD) and its impressive data center revenue. Taiwan Semiconductor Manufacturing (TSM) is another strong player due to its role as a chip foundry for major semiconductor manufacturers. For a diversified option, the VanEck Semiconductor ETF (SMH) offers exposure to multiple AI chip companies. Overall, these stocks provide opportunities for investors seeking growth in the AI industry.
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https://investorplace.com/2024/06/too-late-to-buy-nvidia-3-stocks-to-double-down-on-instead/
