1 Monster Opportunity in the Global Chip Shortage
The novel coronavirus pandemic created a major shortage of semiconductors in 2020 as shelter-in-place orders led to an increase in the demand for consumer electronic items while also hampering chip production.
It took the semiconductor industry a couple of years to get supply back to speed by bringing more capacity online. Meanwhile, the weak demand for personal computers (PCs) and smartphones also helped reduce the semiconductor supply crunch. But now, it looks like another chip shortage is emerging in a lucrative niche of the semiconductor industry, and one company is on track to make the most of the same -- Nvidia (NASDAQ: NVDA).
There has been a massive spike in demand for artificial intelligence (AI) chips over the past year, driven by the raging popularity of Microsoft-backed OpenAI's chatbot ChatGPT, which triggered a race among companies and governments to develop AI applications. Market research firm Gartner estimates that $53 billion worth of AI chips could be sold this year, up roughly 21% from last year.
Source Fool.com
Gartner Inc. Stock
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Gartner Inc..
With a target price of 460 € there is a slightly positive potential of 6.02% for Gartner Inc. compared to the current price of 433.9 €.
