NVDA vs. XPER: Which Chip Stock Should You Pick in 2023?

The semiconductor industry witnessed significant logistic disruptions in 2022. Moreover, the industry has been under pressure with declining demand. However, Barclays Capital Inc. analysts don’t expect the sector to revisit multi-year lows reached three months ago.

While the industry has been struggling with macro headwinds, its long-term prospects look impressive. Amid the metaverse’s surging popularity, semiconductor and chip producers are slated to be the biggest gainers. According to an Accenture report, 67% of executives believe semiconductors are the most critical technology for the metaverse industry.

Furthermore, the global artificial intelligence chip market is projected to grow at a CAGR of 37.1% until 2031. So, NVIDIA Corporation $NVIDIA(NVDA.US)$ and Xperi Inc. $Xperi(XPER.US)$ are expected to gain substantially in the near future. NVDA and XPER are popular chip makers operating globally.

NVDA has gained 41.9% over the past month, while XPER has gained 16%. In addition, NVDA has gained 49% over the past three months, while XPER has lost 8.4%.