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2 Best Chip Stocks to Buy on Soaring AI Demand

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Truist's William Stein reaffirmed his Buy ratings for Nvidia and Monolithic Power Systems and his price targets for both stocks.

Artificial intelligence is still a rising trend—it took center stage almost a year ago—and still has attractive opportunities for investors, according to Truist Securities.

Nvidia’s chips are the “default choice for most engineers in building AI systems,” the analyst wrote. It is “best suited to address the majority of [AI] workloads, especially in cases when training new models.”

 

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