Chip stocks will regain momentum over AI demand: Analyst

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 66 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 63%

Nvidia News

Chip Stocks,Semiconductor Stocks,John Vinh

The chip sector saw a brief recovery last week after a large sell-off, with Nvidia (NVDA) once again leading the charge. Looking forward, chip stocks look to...

) once again leading the charge. Looking forward, chip stocks look to regain momentum after August volatility, but can they capture their previous heights?

But let's focus on the chip giant and video losing over $900 billion in market cap since its prior highs back in June, it did recover towards the end of the week and does continue to rise as investors anticipate earnings coming up in a few weeks here.So obviously, the volatility impacted the entire market and chip stocks.

But I think those were largely addressed later when you had comments coming out from Microsoft that it's still seeing phenomenal demand on the A I front and it's actually a supply constrained. You know, if you think about Nvidia's valuation at these levels, we think they're gonna do, you know over five bucks and change next year, you're trading at 20 times, which is um you know, puts, puts NVIDIA almost into kind of value stock range relative to the broader semiconductor market, which is kind of trading at kind of mid, mid to high twenties right now.What would you tell investors is the most compelling second source play on A I.

Uh This is not an incremental performance uh improvement that you typically get when a, when a semiconductor company releases their next generation chip. And in the history of technology, we have never seen somebody have a kind of a monopolistic position.We think a MD has a competitive uh solution in M I 300 X.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia stock surges as chip stocks lead market reboundNvidia shares rallied Thursday with the broader markets after an attempted rebound
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »