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Barchart
Pathikrit Bose

Can This 'Strong Buy' Semiconductor Stock Top $1,000?

MPWR Monolithic Power Monolithic Semiconductor

The artificial intelligence (AI) revolution has profoundly impacted the global economic order, shaking up enterprises across a wide spectrum of industries. After gaining mainstream prominence following the widespread popularity of OpenAI's ChatGPT in 2022, AI-related stocks have been massive wealth creators for the better part of the last two years.

Further, with AI expected to become a $1 trillion-plus market by 2032, it looks like there's plenty of runway for growth, as tech titans including Microsoft (MSFT), Google (GOOGL), Amazon (AMZN) and Tesla (TSLA) all invest billions to bulk up their AI capabilities.

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