Analyst Identifies AI Five Stocks to Lead AI Computing Revolution
-
Analyst Glen Kacher has identified an "AI Five" group of leading AI stocks Nvidia, Taiwan Semiconductor, AMD, Broadcom, and Microsoft.
-
Nvidia's GPUs are in high demand for AI computing, with revenue up 217% last year. New Blackwell chips coming next year promise even faster AI performance.
-
Taiwan Semiconductor manufactures over half the world's chips, including key chips for AI data centers and smartphones. It expects over 20% revenue growth in 2024.
-
Apple's new 3nm iPhone chip hints at future on-device AI processing needing advanced chips from TSMC.
-
Nvidia trades at 36 P/E, while TSMC trades cheaper at 27 P/E, presenting a buying opportunity for these AI leaders.