From Nasdaq: 2024-04-30 14:16:00

Companies in the Semiconductor-General industry are crucial to technological advancements like HPC, AI, and IoT. Despite economic concerns, 2023 was stronger than expected. Forecasts show growth in 2024, with memory segment leading the way. End markets like PC, smartphones, and IoT are expected to see steady growth. NVIDIA Corp. and SCREEN Holdings are recommended buys. The industry outlook remains optimistic with strong growth drivers like AI, IoT, automotive, and machine learning. Semiconductor supply chains are evolving to reduce reliance on specific regions like China. The CHIPS Act will help with onshoring projects. The industry is ranked at #194, with moderate prospects. Stock market performance has been strong, with high valuations. However, the industry remains overvalued, limiting investment options. NVIDIA Corp. is a standout choice due to its diverse solutions and market presence.



Read more at Nasdaq: Semiconductor Valuations Going Through the Roof, 2 Stocks with Equally Strong Prospects