Chip off the old block

Stefan Mileschin · 3rd January 2024, 09:45

Nvidia and AMD should do well this year

The cocaine nose jobs of Wall Street are predicting a good year for rivals AMD and Nvidia.

Semiconductor stocks smashed the market in 2023, soaring by a whopping 66 per cent compared to the measly 24 per cent rise of the S&P 500 index as of 27 December.

The huge demand for artificial intelligence (AI) chips was the main reason behind the stunning surge in semiconductor stocks this year bringing much joy to Nvidia and AMD shareholders.

However, things are about to get even better in 2024 thanks to a new game-changer.

Sales of personal computers (PCs) have been going down the drain every quarter since the start of 2022. That market saw a massive spike in demand in 2020 and 2021 due to the coronavirus crisis, which made many people buy new PCs as they switched to doing more learning, working, and playing at home. But that demand vanished in 2022 and the market is expected to have shrunk even more in 2023.

https://fudzilla.com/news/58183-chip-off-the-old-block

3rd January 2024, 09:45	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,802	Chip off the old block Nvidia and AMD should do well this year The cocaine nose jobs of Wall Street are predicting a good year for rivals AMD and Nvidia. Semiconductor stocks smashed the market in 2023, soaring by a whopping 66 per cent compared to the measly 24 per cent rise of the S&P 500 index as of 27 December. The huge demand for artificial intelligence (AI) chips was the main reason behind the stunning surge in semiconductor stocks this year bringing much joy to Nvidia and AMD shareholders. However, things are about to get even better in 2024 thanks to a new game-changer. Sales of personal computers (PCs) have been going down the drain every quarter since the start of 2022. That market saw a massive spike in demand in 2020 and 2021 due to the coronavirus crisis, which made many people buy new PCs as they switched to doing more learning, working, and playing at home. But that demand vanished in 2022 and the market is expected to have shrunk even more in 2023. https://fudzilla.com/news/58183-chip-off-the-old-block

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