#7 - Lasertec (OTCMKTS:LSRCY)
Lasertec Corporation (OCTMKTS: LSRCY) is a pick-and-shovel play on AI. Specifically, Lasertec helps ensure the quality and performance of semiconductor chips. The phenomenal success of Nvidia Corporation (NASDAQ: NVDA) illustrates how important AI chips will be to the growth of this sector.
And Lasertec has a moat in the industry because it is currently the only company that can inspect chips made with extreme ultraviolet lithography (EUV) for defects. This, along with a backlog of orders and a commitment to releasing new products, explains why, as of September 2023, the company has had seven consecutive years of record revenue and earnings.
One potential risk for investors is that Lasertec is domiciled in Japan. That just means the company doesn’t have to do the SEC filings that are required of American companies.
About Lasertec
Lasertec Corporation engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally. The company offers semiconductor related products, which includes mask related systems for extreme ultraviolet and deep ultraviolet solutions, and wafers inspection and review systems; and FPD photomask inspection systems.
Read More - Current Price
- $18.95
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
We'll end this presentation where it started. That is, the AI market is not going away. According to the research firm, Allied Market Research, the global AI market will grow from $65.48 billion in 2020 to over $1.5 trillion by 2030. That's a compound annual growth rate of 38% for the remainder of this decade.
This is something that should get the attention of every investor. And it's a key reason why you need to have AI stocks as part of your portfolio. MarketBeat provides a list of artificial intelligence stocks that you can use to compare up to 10 stocks based on various metrics such as price & volume, price performance, and analyst ratings.
If investing in individual AI stocks isn't your style, you can also look into one of several exchange-traded funds (ETFs) that focus on AI.
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