Reported about 2 months ago
Nvidia and various semiconductor stocks have surged recently, primarily driven by strong demand for artificial intelligence hardware. The company has seen an 8% increase in shares, nearing Apple's valuation, as tech giants like Google, Microsoft, and Amazon plan substantial AI infrastructure investments over the next couple of years. Despite concerns of a potential bubble in AI chip stocks, analysts remain optimistic about a continued upward trend in semiconductor revenues, with expenditures estimated to reach $215 billion in 2024.
Source: YAHOO