Major chip stocks have rallied this year due to the generative artificial intelligence (AI) boom. Advanced chips are needed for developing and training AI models. While Nvidia (NASDAQ:NVDA) is seen as the frontrunner in the AI race, other chip companies are working on innovative products that can capture growth opportunities in the AI market. We used TipRanks’ Stock Comparison Tool to place Broadcom (NASDAQ:AVGO), Nvidia, and Intel (NASDAQ:INTC) against each other to find the best chip stock, as per Wall Street analysts.
Broadcom (NASDAQ:AVGO)
Broadcom shares have rallied 51% year-to-date, as the company is expected to benefit from the generative AI wave. However, the company’s Q4 FY23 revenue growth guidance of 4% disappointed investors, especially after Nvidia issued a market-crushing outlook.
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