From Nasdaq: 2024-11-08 07:53:00

The global semiconductor industry is experiencing a strong recovery, driven by AI technologies and electronics manufacturing. Semiconductor sales totaled $166 billion in Q3, up 23.3% YoY. NVIDIA, Taiwan Semiconductor, and Semtech are top stocks benefiting from AI enthusiasm. Gartner projects global semiconductor revenues to reach $630 billion in 2024. The Federal Reserve’s interest rate cuts are also expected to benefit semiconductor stocks.



Read more at Nasdaq: The Zacks Analyst Blog Highlights NVIDIA, Taiwan Semiconductor and Semtech