After reading this PEG ranking list, I’m speechless—from 0.1x to 2.1x! Ultimate value-for-money ranking for AI semiconductors:

1. SK hynix $SKHY ~0.1x
The leading HBM high-bandwidth memory company in the AI era, nearly tied to Nvidia, with explosive performance growth.
2. SanDisk $SNDK ~0.2x
A globally well-known storage brand; benefiting from a rebound in storage prices and rising AI data demand, its valuation is still in the repair phase.
3. Micron Technology $MU ~0.2x
One of the world’s top three memory chip manufacturers, with sustained growth in HBM and DRAM demand.
4. Applied Optoelectronics $AAOI ~0.4x
A high-speed optical module supplier; AI data center upgrades drive a demand surge, with strong elasticity.
5. onsemi $ON ~0.4x
A leader in automotive and industrial chips, while also investing in AI power supplies and data centers, with steady growth.
6. Lumentum $LITE ~0.5x
One of the optical communication leaders; AI compute power drives ongoing increases in demand for 800G/1.6T optical modules.
7. Broadcom $AVGO ~0.5x
A king of AI custom chips and high-speed networking chips, with a stable software business at the same time, resulting in very strong profitability.
8. Marvell $MRVL ~0.5x
A core player in AI switching chips, custom ASICs, and optical interconnects—an important beneficiary of AI infrastructure.
9. Credo $CRDO ~0.6x
A star company in high-speed interconnect chips; AI server connectivity demand is growing rapidly, with standout growth potential.
10. Coherent $COHR ~0.6x
A leader in optical communications and lasers; AI data centers continue to expand demand for optical devices.
11. AMD $AMD ~0.7x
Dual-track layout of GPUs and CPUs; its MI-series AI chips keep catching up to Nvidia, and the AI business is entering a phase of fast growth.
12. Nvidia $NVDA ~0.7x
The absolute leader in AI chips globally; the CUDA ecosystem is nearly irreplaceable, and it remains the biggest beneficiary of the AI wave.
13. TSMC $TSM ~0.9x
The world’s most advanced wafer foundry; it almost covers the production of all AI chips, making it the most core infrastructure for the AI industrial chain.
14. ASML $ASML ~1.0x
The only global supplier of EUV lithography machines; without ASML, advanced chips can’t be manufactured—its moat is extremely deep.
15. Applied Materials $AMAT ~1.2x
A global leader in semiconductor equipment; AI wafer fabs expanding production directly benefits it, with clear long-term growth logic.
16. KLA $KLAC ~1.3x
A global leader in chip inspection equipment; the more complex the advanced process, the higher the demand for inspection equipment.
17. Arm $ARM ~1.6x
The dominant CPU architecture licensing power globally; AI terminals, phones, and servers almost all rely on the Arm ecosystem.
18. Arista Networks $ANET ~1.8x
A leader in AI data center switches; the more GPUs, the greater the demand for high-speed network equipment.
19. Intel $INTC ~1.9x
Actively transforming into AI and the foundry business; if the transformation succeeds, the valuation repair upside is worth watching.
20. Astera Labs $ALAB ~2.1x
A newcomer in AI server interconnect chips; focused on high-speed connections between GPUs, it’s an important player in the next-generation AI infrastructure, and also one of the companies with the biggest potential upside among those on this ranking.
Which other AI leaders do you think the market is undervaluing?