The battles within the semiconductor sector are always fierce. Even now, when the demand for AI chips is extremely high, multiple firms are competing to become the top rival to Nvidia (NASDAQ:NVDA), and NVDA is fighting to remain the undisputed champion in the space. Similarly, in autos, smartphones, servers, and PCs, competition within the sector is quite intense. However, some chip makers, by virtue of their superior technology, overall products, leadership, and current market share are almost certain to emerge as winners in the medium and long term.
And with the overall semiconductor market poised, according to one estimate, to expand at a compound annual growth rate of 12.2% from 2022 to 2029, the shares of the winners within this space are poised to deliver great returns in the medium term and the long term. With that said, here are three of the top semiconductor stocks that investors should consider buying at this point.
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