These companies supply chips to the biggest players in AI.
Leading tech companies are spending billions on data centers to support growing demand for artificial intelligence (AI) compute capacity. AI chip leader Nvidia ( NVDA 3.90% ) recently said it expects spending on AI infrastructure to reach between $3 trillion to $4 trillion by 2030.
This estimate suggests the current bull market for tech stocks could extend for several more years. If your portfolio is light on AI exposure, here are two chip stocks to consider buying right now.
1. Nvidia
For investors looking for the best chip stock to benefit from this opportunity, Nvidia still has to be considered the top choice. It's the most valuable company in the world for a reason. It continues to grow at impressive rates, as its