Reported 27 days ago
Nvidia's CEO highlighted strong demand for AI chips, leading to a rise in semiconductor stocks. KeyBanc analyst John Vinh suggests that Oracle's announcement of robust growth and increased capital expenditures in AI assures investors that the AI market's momentum will continue. Other companies like AMD, Marvell, and Broadcom are also noted for their importance in this sector, as spending in AI hyperscaling is expected to remain strong into 2025.
Source: YAHOO