Prediction: This Artificial Intelligence (AI) Semiconductor Stock Will Join Nvidia, Microsoft, Apple, Alphabet, and Amazon in the $2 Trillion Club by 2028. (Hint: Not Broadcom)

Big tech companies are set to spend $375 billion on artificial intelligence (AI) infrastructure this year, according to estimates from analysts at UBS. That number will climb to $500 billion next year.The biggest expense item in building out AI data centers is semiconductors. Nvidia (NASDAQ: NVDA) has been by far the biggest beneficiary of that spend so far. Its GPUs offer best-in-class capabilities for general AI training and inference. Other AI accelerator chipmakers have also seen strong sales growth, including Broadcom (NASDAQ: AVGO), which makes custom AI chips as well as networking chips, which ensure data moves efficiently from one server to another, keeping downtime to a minimum.Broadcom's stock price has increased more than fivefold since the start of 2023, and the company now sports a market cap of $1.4 trillion. Another year of spectacular growth could easily place it in the $2 trillion club. But another semiconductor stock looks like a more likely candidate to reach that vaunted level, joining Nvidia and the four other members of the club by 2028.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool