Amid a global supply shortage, the rising demand for semiconductor chips from various industries is driving prices higher. However, efforts to boost domestic semiconductor production through private and government investments should help popular semiconductor companies NVIDIA (NVDA) and Intel (INTC) to grow significantly in the coming months. But let’s find out which of these stocks is a better buy now.NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and related multimedia software. The company's products are used in the gaming, professional visualization, datacenter, and automotive markets.
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies that deliver networking, data storage and communication platforms. The company’s products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory, graphic, network and communication, systems management software, conferencing, and digital imaging products.
An increasing need for tech products and solutions in remote work structures has heightened the demand for semiconductor chips. Furthermore, the accelerated integration of technology in virtually every industry has led to overwhelming demand for semiconductors globally, creating an acute shortage.