Nvidia Leads AI Chip Market; Alphabet and Super Micro Positioned to Benefit from Long-Term AI Growth
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Nvidia is the dominant leader in AI chips with up to 90% market share. Its chips power AI applications and the market could grow massively by 2027.
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Alphabet (Google) sits on a huge amount of data from search and YouTube which it can use to train AI models. Its ad business generates tons of cash to fund investments.
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Super Micro Computer builds specialized hardware that companies need to run AI systems. It saw 103% revenue growth last quarter due to demand for AI infrastructure.
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The article recommends buying these stocks now and holding for the long-term growth potential from artificial intelligence over the next few decades.
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Analysts estimate strong long-term earnings growth for all 3 companies 42% for Nvidia, 25% for Super Micro, and strong cash flow growth for Alphabet.