The End of Era: What Might the UK Face Next?
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
Will the stocks of semiconductor producers rebound soon?
Information is not investment advice
The amount of problems caused by the coronavirus pandemic is huge. One of them is the global shortage of computer chips that started a year ago. At first, it looked like a temporary delay in supplies after factories faced first lockdowns. As the economies reopened, a boom in demand for new electronic devices, games consoles, and TVs was growing so fast it could not meet the supply. As a result, such big names as Apple, Sony, and Samsung had to raise prices for their products. Samsung even delayed the launch of its new Galaxy Note smartphone because of disruption in supplies.
The global chip shortage added pressure to the stocks of the semiconductor producers. However, after the storm comes sunny weather, according to the CFRA Research. The company sees this delay as a temporary one and expects good results from several companies operating in this sector. The main reason behind this possible stabilization lies in the development of artificial intelligence (AI).
The AI development and integration will create the strongest trend that ever existed in the semiconductor industry. CFRA Research forecasts the number of semiconductors per unit to show a 13% yearly increase in the next five years. Given these facts, which companies should you start to track before it’s too late?
NVIDIA
Potential growth – 8%
Price target: $768
There are several reasons for the NVIDIA stock to go higher. First of all, this is the best investment idea, according to the Bank of America. Secondly, the company expanded its chain of data centers amid AI systems’ development and increased data volumes.
Short-term technical picture
NVIDIA was enjoying fresh highs on Thursday. The stock has almost reached $750. The next potential resistance is located at $760. If the stock goes down, it will face the support of $690.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded FBS Trader app or MT5 FBS allows you to trade stocks only through this software.
- Open an account in FBS Trader or the MT5 account in your personal area.
- Start trading!
Similar
Why didn't oil prices calm despite OPEC+ attempts?
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
US Interest Rate Slowdown?
The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…
Popular
United Nations Call the Fed to Cut Rates
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Choose your payment system
