This Fantastic Artificial Intelligence (AI) Stock Is on Track for a Blowout Quarter, and It Could Keep Climbing for Years to Come

Big tech companies are spending hundreds of billions of dollars building out new data centers for artificial intelligence (AI). The bulk of that spending is going toward semiconductors. That includes server racks full of graphics processing units (GPUs) and custom AI accelerators and networking equipment with the most cutting-edge networking chips inside.And demand for AI-related silicon may continue to grow for the foreseeable future. McKinsey estimates global spend on AI chips and computing hardware for data centers will surpass $3 trillion in 2030.The near term is just as bright. And one of the leading semiconductor stocks just shared some news that suggests it could produce another blowout quarter, surpassing its own sales guidance and analysts' expectations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool