NASDAQ:SOXX - Nasdaq - US4642875235 - ETF - Currency: USD
Jonah Cheng’s liquidation followed fears about delays in GB200 racks, inventory risks, a lack of upward revisions to earnings forecasts, competition from custom-designed chips, and uncertainty around spending by cloud computing companies.
Analysts said the Helios rack will play a key role in driving growth for AMD’s Instinct GPUs, which power AI and high-performance computing workloads, and could accelerate the company’s broader recovery.
GlobalFoundries plans to invest $16 billion to expand U.S.-based chipmaking to meet artificial intelligence demand.
Concerns over Marvell's Amazon chip deal have kept shares down. Management remains confident. Analysts’ price targets imply +50% upside, even as issues remain.
Warren Buffett has long touted the virtues of average investors investing in an S&P 500 index fund. Warren Buffett has long touted the virtues of investing in a low-cost index fund that tracks the S&P 500 index. The thinking behind this recommendation is that an S&P 500 index fund will track the broader market, delivering low-risk, average returns with low costs.
ETF investors eagerly await Nvidia's earnings report and Oracle's $40 billion chip order, signaling big potential for chip and AI ETFs.