2 Super Semiconductor Stocks to Buy and Hold Through the Next Decade
Nvidia and AMD are two great semiconductor stocks to buy and hold for the long term.
Artificial intelligence (AI) is set to be the most significant technological advancement the world has ever witnessed, with the data center expansion to support it only just beginning. Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) are two semiconductor stocks best positioned to capitalize on this trend over the next ten years.
While AI infrastructure spending seems enormous, WisdomTree notes that the cumulative spending-to-GDP ratio is actually lower than previous historical transformation booms, such as the railroad boom of the 1860s, electrification boom of the 1920s, and the internet boom of the late 1990s. Additionally, AI benefits from a more interconnected global economy, a broader range of potential applications, and an accelerating technological curve.
It is plausible that AI build-out could intersect with other major technological advancements like robotics, space, and quantum computing.
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