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Buy This Alternative To Nvidia Stock For 2x Gains? [Forbes]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
There is a strong likelihood, as the company is poised to benefit from the rising capital expenditures driven by the generative artificial intelligence boom. While AI leader Nvidia (NASDAQ: NVDA) captures headlines with its stock having increased over 3x in the past two years and its valuation nearing $4 trillion, lesser-known players like Applied are essential for producing the very AI chips that Nvidia markets. These stocks could present more value and significant upside potential. The data presents a compelling case. According to SEMI, capital spending on advanced chip manufacturing equipment is expected to nearly double between 2023 and 2028, with global capex expenditures anticipated to exceed $100 billion in 2025 alone. Applied, which specializes in advanced equipment and software utilized to manufacture semiconductor chips—ranging from etchers and deposition systems to process control software—may be well situated to capture a substantial portion of this investment. The compa
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