The demand for computer chips is skyrocketing as artificial intelligence technology continues to advance. Nvidia, a prominent chipmaker, has experienced a significant increase in its stock value, rising 156.5% this year amid the AI boom. This surge in demand has pushed Nvidia into the elite $3 trillion market cap club, alongside tech giants like Microsoft and Apple. Other US chipmakers are also experiencing a boost in their stock values as a result of the increasing demand for chips in the AI industry.
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https://qz.com/nvidia-intel-amd-micron-best-worst-chip-stocks-2024-1851556771
Nvidia skyrockets while Intel falters: A look at the performance of 14 chip stocks in 2024 (up to date)
