The generative artificial intelligence (AI) frenzy has created a massive demand for advanced chips, which are required to support large language models and build AI applications. While Nvidia (NASDAQ:NVDA) is considered the frontrunner in the generative AI space, analysts are also optimistic about the ability of several other chip companies to grab the opportunities created by generative AI.
Analysts are looking at the long-term growth potential of chipmakers based on their ability to innovate processors and products that can help in building and training generative AI applications.
Given this backdrop, I used TipRanks’ Stock Comparison Tool to compare the following chip stocks and pick the one with the highest upside potential, as per Wall Street analysts.
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