Reported 3 months ago
Chipmakers like Nvidia are driving growth in the Nasdaq Composite as tech companies ramp up investments in AI infrastructure. Analyst Patrick Moorhead discusses the ongoing infrastructure build-out, fueled by the urgent need for enterprise companies to compete, predicting that major investments will continue for at least another year. With strong demand for AI-related technology and manufacturers like TSMC sold out until 2026, Nvidia is positioned for further gains.
Source: YAHOO