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The “Magnificent Seven” are not the only stocks riding the artificial intelligence (AI) wave. While Nvidia (NVDA) continues to dominate the semiconductor market, other semiconductor companies have also upped the ante with the help of AI. Intel (INTC) and Advanced Micro Devices (AMD), in particular, show promising prospects after integrating AI into their offerings.
Intel stock surged 90% in 2023, fueled by strong quarterly results and AI-related growth prospects. It became one of the Dow Jones Industrial Average's ($DOWI) best-performing stocks last year. However, the stock is off to a slow start in 2024, down 12.4% compared to the Dow's 3.2% year-to-date gain.
