Amid NVIDIA Corporation’s (NVDA) macroeconomic hurdles and lofty valuation, opportunities for superior returns lie in the dynamic landscape of chip stocks. Thus, one could invest in Diodes Incorporated (DIOD), ROHM Co., Ltd. (ROHCY), and Everspin Technologies, Inc. (MRAM), all thriving in the chip industry’s growth.
Let’s understand this in detail.
A few months ago, NVDA’s stock seemed impervious to decline, initially driven by the buzz surrounding the rise of generative AI. As the company showcased its ability to capitalize on surging demand for AI chips, its shares continued their ascent, displaying resilience and profitability.
Currently, the company faces significant macroeconomic hurdles as the United States expands export restrictions on NVDA’s advanced AI chips, including A100 and H100 models, to Middle Eastern countries beyond China. While NVDA predicts no immediate major financial impact, concerns about…
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