Micron vs Nvidia: Should You Bet on These Semiconductor Stocks?
Semiconductor stocks have taken a hit recently, and some investors are looking for opportunities to buy. The Motley Fool's Stock Advisor analyst team has identified the 10 best stocks to invest in right now, but Nvidia didn't make the cut. Instead, the team recommends considering Micron Technology as an alternative.
The team's picks have been incredibly successful in the past, with a total average return of 895% compared to 206% for the S&P 500. For example, if you invested $1,000 in Netflix when it was added to the list on December 17, 2004, you'd now have $394,601.
Nvidia did make the list once before, however, and investors who bought in at that time would be sitting on a profit of over $1 million. The team's current top picks include Micron Technology, which has a strong position in the semiconductor market and could produce significant returns for investors.