1 Super Semiconductor Stock Down 30% You’ll Wish You’d Bought on the Dip

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The development of popular artificial intelligence (AI) applications like OpenAI’s ChatGPT wouldn’t be possible without advanced semiconductors (chips). Semiconductor giant Nvidia has an estimated 90% market share in the emerging industry for AI data center chips, but Advanced Micro Devices (NASDAQ: AMD) recently launched its own line of competing hardware. AMD has struggled over the last 12 months because its core business involves selling chips for segments like gaming and personal computing — precisely where consumers have cut spending amid challenging economic conditions.

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