2 EV Chip Stocks Down 34% and 45% That Could Become Stealth Artificial Intelligence (AI) Plays
ACLSAxcelis(ACLS) The Motley Fool·2024-08-28 16:55

These silicon carbide and power chip stocks are down with the EV market, but AI data centers may need their solutions soon.The electric vehicle market encountered a big slowdown last year, and with it, the chipmakers who specialize in the power semiconductors crucial for EVs.But some interesting commentary from two key EV chipmakers this earnings season offer hope not just for an EV recovery, but also that new power-efficient chip technologies may be adopted more and more in power-hungry AI data centers.Wit ...