Semiconductor Stocks to Power AI Boom Through 2030

The semiconductor industry is expected to continue growing rapidly through 2030, driven by artificial intelligence (AI) adoption. Nvidia's revenue grew 106% year over year in its latest quarter to $96.2 billion, with management forecasting a 70% increase in fiscal 2028.

Broadcom secured the manufacturing supply to double its AI chip revenue to about $115 billion next fiscal year and $230 billion the following year. Micron trades at around six times analysts' fiscal 2027 earnings estimates, assuming record memory profits will fade.

Nvidia and Broadcom are considered anchors for their presence in the most durable profit areas of the supply chain. Marvell is also a buy, but its growth still needs to convert from bookings into revenue.