Investors have taken note and are trying to ride the wave higher, pouringlast week alone. Considering Goldman Sachs recently forecasted that AI advances will add $7 trillion to annual global GDP over the next 10 years, it's hard to blame them for trying to get a piece of the action.
Further upstream from these AI pioneers — and also offering stock gains — are the semiconductor companies that actually produce the chips that power these assorted technologies. It's a part of the market that doesn't get the flashy headlines that Nvidia might, but still has seen billions in market value created as the AI revolution has driven demand.
Analysts at Bernstein led by Mark Li recently published a list of companies that make up the semiconductor universe, each equipped with a current price target and rating. Detailed below are the six stocks the firm currently have assigned an"overweight" rating, with a price target above current levels. They're ordered in increasing order of price-target upside.
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