Published on 1 Jun 2024 on Insider Monkey via Yahoo Finance
Missed NVIDIA? Check Out This Semiconductor AI Penny Stock
We recently compiled a list of the 11 Best AI Penny Stocks to Invest in Now and in this article we will give you an AI penny stock that can be worthy of exploring in case you missed buying NVIDIA Corporation (NASDAQ:NVDA) when it was trading under $500 per share at the beginning of the year.
It's no secret that semiconductors are among the best pick-and-shovel plays for those looking to invest in the booming Artificial Intelligence sector. NVIDIA Corporation (NASDAQ:NVDA) saw its stock surge by more than 150% over the past year. This growth can almost solely be attributed to increased demand for its Graphic Processing Units (GPUs), which are perfect for processing large amounts of data required in various AI and machine learning applications.