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Navigating the AI Trade: TSMC Supplier's Growth, Nvidia's ...
2024-09-05 23:55:08
Tech
Artificial Intelligence
Business

Navigating the AI Trade: TSMC Supplier's Growth, Nvidia's Setback, and Broadcom's Potential

Scientech Corp., a vital TSMC supplier, remains optimistic about AI chip demand despite Nvidia's recent financial stumble. With innovative technology and a solid market share, Scientech anticipates continued growth.

Meanwhile, Broadcom emerges as a beacon of hope in the AI trade, with strong AI-related sales forecasted to boost investor confidence. Nvidia's challenges include slowing growth and valuation concerns, despite recent sales successes.

Broadcom, though cautious about non-AI sales, raises its AI revenue estimate due to increased demand for custom chips. The semiconductor sector, amidst ups and downs, proves resilient, with Broadcom poised to outperform and benefit from the AI trend.

Related news on that topic:

AI Chip Market Growth and Industry Insights

Scientech CEO Hsu Ming-chi anticipates a surge in AI chip demand, driving semiconductor industry growth and dismissing Nvidia's recent stock plunge. Michael Dell highlights AI's potential for businesses to enhance productivity and efficiency across various sectors. ASML CEO attributes US export restrictions to economic motivations, with a focus on China's chip making advancements. The industry sees a bright spot in AI chip demand, with TSMC positioned well. Analysts expect robust earnings growth for Dell amid evolving market dynamics.

Qualcomm Challenges Intel and Apple in AI Race

Qualcomm, a US chip manufacturer with a significant 2023 revenue and profit, is stepping up in the AI competition with its new Snapdragon-X-Plus chips. Meanwhile, Intel faces uncertainty with plummeting stock and fierce competition from Nvidia and TSMC. Despite efforts to pivot towards becoming a top foundry, Intel's struggles with its AI chip Gaudi are evident. In contrast, Nvidia's strong quarterly sales highlight its dominance in the market. The ARM microprocessor sector, led by major players like Intel, Nvidia, and Qualcomm, is driven by smart devices and automotive electronics demand. Analysts foresee Nvidia's continued growth in AI, positioning the company to potentially reach a $10 trillion valuation by 2030.

Read 4 more recent news on this topic

The press radar on this topic:

The Street
8. September 2024 um 12:04

Veteran fund manager unveils startling Nvidia stock forecast TheStreet Daily Newsletter

Finance
Technology
Economy
Nvidia, the AI powerhouse, faces slowing growth and valuation concerns. Its Q3 revenue guidance shows a slowdown, and its stock price is trading 10% below its June peak despite the S&P 500 reaching new highs. Concerns include supply-demand imbalance, AI adoption pace, and production challenges. Nvidia's profit margins have peaked, and the success of its Blackwell chips is crucial to justify its valuation, which has a trailing P/E of 74 and a forward P/E of 43. However, Nvidia's Q2 results showed..
Yahoo Finance
4. September 2024 um 23:00

TSMC Supplier’s CEO Dismisses AI Concerns After Nvidia Wipeout

Technology
Economy
Finance
Taipei-based Scientech Corp., a major TSMC supplier, expects AI chip demand to drive industry growth, dismissing concerns. CEO Hsu Ming-Chi cites Scientech's Chip-on-Wafer-on-Substrate tech used for TSMC's AI accelerators, 99% of the world's supply. However, Nvidia's earnings missed expectations, resulting in a $278.9 billion loss, the biggest for a US stock. The semiconductor industry has grown 8% annually over 20 years. Scientech's share price has gained 80% since 2024, and the company expects..
Yahoo Finance
5. September 2024 um 13:35

Broadcom report is tech bulls' next hope to turn AI trade around

Technology
Finance
Broadcom, a major tech supplier, is expected to report strong AI-related sales, potentially boosting investor confidence in the AI trade. The company's diversified business and lower valuation compared to pure-play AI stocks make it an attractive option. Nvidia's recent results failed to meet expectations, sparking a selloff in AI-exposed stocks. Broadcom CEO Hock Tan predicted over $11 billion in AI-related sales for fiscal 2024, a forecast Citigroup analysts expect to be raised. Analysts from..
Yahoo News
5. September 2024 um 20:20

Broadcom raises annual AI revenue estimate on demand for custom chips

Technology
Economy
Finance
Broadcom, based in Irvine, California, raised its fiscal 2024 AI revenue forecast due to higher networking and custom chip demand. The company reported a $1.88 billion quarterly loss, including a $4.5 billion tax provision from an IP rights transfer. Its third-quarter revenue beat estimates, but it faces competition from Nvidia's InfiniBand. Broadcom's custom chips have seen increased orders from companies looking to streamline their data operations. The company has benefited from the AI boom,..
CW

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