Invest in AI: Part 2. Chips that power ChatGPT

This is part of the Invest in AI series.

With the rise of AI chatbots such as OpenAI ChatGPT, it will definitely cause the demand of computing power to increase and that will benefit semiconductor companies such as Taiwan Semiconductor Manufacturing Corporation ( $Taiwan Semiconductor (TSM.US)$ ), Dialog Semiconductor ( DLGNF ), Qualcomm ( $Qualcomm (QCOM.US)$ ), Nvidia ( $NVIDIA (NVDA.US)$ ), Advanced Micro Devices ( $Advanced Micro Devices (AMD.US)$ ), Intel ( $Intel (INTC.US)$ ), ASML Holdings ( $ASML Holding (ASML.US)$ ), and many others.

New improved AI chatbots could result in billions of dollars of annual sales for semiconductor makers (*1), and ChatGPT usage could bring up to $11 billion in sales for Nvidia (*2). Besides, mid-cap chip designers such as Silicon Labs ( $Silicon Laboratories (SLAB.US)$ ) and MaxLinear ( $MaxLinear (MXL.US)$ ) continue to show fundamental and technical strength as demand for chips soars (*3).

The semiconductor industry is expected to perform well in 2023 after a miserable performance in 2022 as chip makers diversify their fabrication plants to other locations, which may help to lessen the supply chain disruption (*4). Also, the score of 56 for the Semiconductor Industry Confidence Index indicate a positive outlook for the semiconductor industry. (*5).

Hmm... I wonder how much moolah do Mooers invest in semiconductor companies

We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.

References:

*1: Nvidia, Other Chip Companies Race to Cash In on ChatGPT Frenzy

*2: These 2 Semiconductor Stocks Are Seen Gaining From AI, ChatGPT

*3: Mid-Cap Chip Designers Trade Near Highs; Outperform Broader Market

*4: Here's What's Likely To Drive Semiconductor Stocks In 2023

*5: Global semiconductor industry outlook for 2023