The tech sector has historically been a hotbed for monster growth stocks, and that continues to be the case as artificial intelligence (AI) takes over the global economy. It’s no surprise that some of the best-performing stocks in recent years have been leading chip companies.
But the investment in AI is just getting started. Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) continue to see robust demand for their AI products. The tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) has doubled over the last five years, but these chip stocks have significantly outpaced it and could beat it again over the next five years.
Image source: Nvidia.