The semiconductor industry has received a big boost from the growing demand for artificial intelligence (AI) applications. That’s not surprising, as training AI models in data centers wouldn’t be possible without the processing power of semiconductors, which explains why companies in this sector have soared impressively over the past year or so. Nvidia, for instance, …
When it comes to investing in artificial intelligence (AI), it may seem like Nvidia is the main focus of investors. The company has muscled its way into the “Magnificent Seven” as it claims between 80% and 95% of the AI chip market. However, Nvidia has also grown to a price-to-sales (P/S) ratio of 36, leading …
A phenomenon that’s increasingly prevalent with artificial intelligence (AI) stocks is the investor practice of viewing them all through the same lens. For example, when one company in the AI space reports strong financial results, other stocks in the space get a lift as investors expect a rising tide to lift all boats. That appeared …
The broad surge of interest in artificial intelligence (AI) has been boosting the stock market for more than a year now, stretching back to OpenAI’s release of the ChatGPT chatbot in November 2022. Since then, a handful of early leaders in AI technology have soared into the stratosphere. AI accelerator chips drove Nvidia‘s stock more …
The “Magnificent Seven” have been market leaders since 2023 but are not quite an artificial intelligence (AI)-focused group. While many within the cohort have AI products, they aren’t pure plays. Instead, I’m proposing a new group of three that informs investors on how strong AI demand is. That group, consisting of Nvidia (NASDAQ: NVDA), which …
(Bloomberg) — Semiconductor stocks from Tokyo Electron Ltd. to Nvidia Corp. gained more than $160 billion of market value after Taiwan Semiconductor Manufacturing Co.’s outlook for capital spending and revenue lifted hopes of a broad tech recovery in 2024. Most Read from Bloomberg TSMC’s better-than-projected numbers underscored expectations for a bounce-back in smartphone, chip and …
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s fourth-quarter revenue beat estimates of a decline, as demand from artificial intelligence players helped offset sluggish smartphone and laptop chip sales. Most Read from Bloomberg Hsinchu-based TSMC, the main chipmaker to Apple Inc. and Nvidia Corp., reported December sales of NT$176.3 billion ($5.7 billion), completing a NT$625.5 billion quarter. …