Semiconductor companies powering Artificial Intelligence (AI) could be a better investment than actual AI pioneers like Nvidia, Microsoft, and Alphabet, according to analysts at Bernstein led by Mark Li. The semiconductor market has been stimulated by the AI revolution that has driven demand and created billions of dollars in market value. Despite not receiving flash headlines like Nvidia, it is a profitable and promising market that can drive investor gains. Bernstein recently released a list of six semiconductor companies that are currently ranked overweight with ratings higher than the current levels. The companies have an assigned price target and are arranged in increasing order of price-target upside potential. Last week, investors poured a record $8.5bn into AI tech funds, responding to Goldman Sachs forecast of AI advances contributing $7tn to annual global GDP over the next 10 years.
Invest in These 6 Semiconductor Stocks to Benefit from the AI Revolution, Recommends Bernstein
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