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Barchart

Faisal Humayun Khan

1 Lesser-Known Chip Stock to Snap Up ASAP

STM STMicroelectronics AWS Semiconductor

The global semiconductor industry appears to be going through structural tailwinds. Fueled by the artificial intelligence (AI) infrastructure boom, global semiconductor industry annual sales are projected to touch $975 billion in 2026, a historic peak. Furthermore, with sustained growth, annual sales may touch $2 trillion by 2036.

With that in mind, it's unsurprising that semiconductor stocks have surged higher. While some investors might have missed out on the big rally, there also still seem to be pockets of opportunity left. Amid volatility, shares of STMicroelectronics (STM) have trended 43% higher in the last 52 weeks. This lesser-known chip stock seems to hold significant potential.

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