Positive

From NASDAQ.: 2024-12-02 12:36:00

US equities have rebounded since late 2022, with tech stocks leading the way, especially in artificial intelligence. Nvidia (NVDA) is a key player in AI, with a market cap of nearly $3.5 trillion. ChatGPT’s debut sparked an AI arms race among big tech companies like Meta Platforms (META).

Nvidia’s earnings estimates point to continued growth, with analysts predicting a 125.38% year-over-year increase in EPS for 2025. Supply concerns for Nvidia’s AI chips have been addressed, with production set to ramp up. Semiconductor stocks, including NVDA, have seen a boost from the AI demand.

Investors are optimistic about semiconductor stocks, with the VanEck Semiconductor ETF (SMH) finding support at key levels. Valuations in the industry remain attractive, with stocks like Arm Holdings (ARM) and Advanced Micro Devices (AMD) showing consolidation.

The solar industry is expected to surge as tech companies shift to clean energy for the AI boom. Analysts predict solar will make up 80% of renewable energy expansion, offering significant profit opportunities. Investors can capitalize on this trend by choosing the right solar stocks for their portfolio.



Read more at NASDAQ.: Buy Semis into Year-End (Supply Concerns Overblown)