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3 Chip Stocks Riding the AI & EV Wave Right Now
Semiconductors are the hidden MVPs nobody talks about. While everyone’s chasing AI coins, the real money is flowing into chip makers who actually build the infrastructure.
AMD (NASDAQ: AMD) just pulled $6.8B revenue in Q3 2024 with a fat 54% gross margin. Their Zen 5 architecture and AI accelerators are eating market share from Intel. Q4 guidance sits at $7.5B—this is the kind of boring profit machine that actually delivers.
STMicroelectronics (NYSE: STM) is the EV play nobody’s talking about. Their Silicon Carbide MOSFETs are standard-issue for electric vehicles now. Q3 revenue $3.25B, new $1.1B buyback over 3 years. When Qualcomm partners with you to integrate wireless tech, you know you’re doing something right.
NXP (NASDAQ: NXPI) dominates automotive semiconductors + secure connectivity. That $3.25B Q3 revenue with 58.2% non-GAAP margin is chef’s kiss. Snagged TTTech Auto to cement their software-defined vehicle dominance. $2B buyback authorized.
Here’s the thing: AI hype is real, but someone has to manufacture the chips. These three are printing money while everyone’s distracted by the next meme coin. If you’re looking for boring wealth-building plays, semiconductors are where it’s at. The infrastructure always wins long-term.