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Projected to reach a market size of more than $2 trillion by 2032, the rally in chip stocks is far from over, as AI and the associated infrastructure buildout show no signs of slowing down. Now, the ways to benefit from this burgeoning industry have been through the same old counters like Nvidia (NVDA), AMD (AMD), and Broadcom (AVGO), which have already seen significant upside in their share prices. However, there was a time, about a decade ago, when these multibaggers used to trade at penny stock levels. Courage and conviction shown by shareholders to add these names to their portfolios during those times has led to immense wealth creation for them.
Thus, in this piece, I bring to you three names from the chip industry, trading at single digits, that are being favored by analysts currently. Although they have limited coverage, still discovering and highlighting them will keep these stocks on investors' radars.