Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

If You're Young, $300 a Month Invested in This Semiconductor ETF Might Help You Retire a Millionaire

TheMotleyFool 
0 0 29.09.23
If You're Young, $300 a Month Invested in This Semiconductor ETF Might Help You Retire a Millionaire: https://g.foolcdn.com/editorial/images/748702/a-digital-render-of-a-circuit-board-with-a-chip-in-the-center-inscribed-with-the-letters-ai.jpg
 

Semiconductor companies are the beating heart of the artificial intelligence (AI) revolution. Investors need only look to Nvidia for proof: Its stock price has nearly tripled this year, as tech giants race to get their hands on its data center chips designed for AI workloads. 

But that demand is just heating up. Nvidia CEO Jensen Huang says there is $1 trillion worth of existing data center infrastructure that needs upgrading to support accelerated computing and AI.

Since estimates suggest AI could add anywhere from $13 trillion to $200 trillion to the global economy by 2030, companies will likely continue spending billions on semiconductor hardware every year. Picking winners and losers won't be easy, though. Nvidia might be at the front of the pack now, but it won't be the only game in town forever.

Continue reading


Source Fool.com

Nordic Semiconductor Stock

€10.89
2.450%
Nordic Semiconductor gained 2.450% today.

Show more
Like: 0
SOXX
Share

Comments

Not a member yet? Sign up for free!