The adoption of Internet of Things (IoT) devices, advanced gaming services and artificial intelligence (AI) capabilities increased requirements for data centre capacity to handle internet traffic, and new automotive features all require advanced semiconductor chips. The chip manufacturing industry is on the verge of a step up in demand from new technology trends. The semiconductor industry today: changing demand trends boost share prices This Nvidia stock analysis looks at the latest performance of the share price and its outlook heading into the next year.
Shares in US chipmaker Nvidia (NVDA) have soared by 124 per cent since the start of the year as changes in the technology industry are driving computing demand.Īfter such strong gains, is Nvidia stock a buy now or has the rally run its course? What do the latest reports from analysts indicate?
The semiconductor industry today: changing demand trends boost share prices.US30 US Wall Street 30 (USA 30, Dow Jones)
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