Posted 4/1/2024, 12:02:29 PM
Chip Stocks Rally on AI Demand and Supply Shortages, Nvidia and AMD Up Over 80%
- Chip stocks like Nvidia and AMD are rallying, driven by AI demand and semiconductor shortage
- Nvidia up over 230% and AMD up over 80% in the past year; Bank of America optimistic
- Global semiconductor demand soaring, especially for AI chips used in models/apps
- Nvidia and Broadcom are Bank of America's top picks due to leadership in AI servers/accelerators
- Bank of America also bullish on "junior" AI chip players Marvell, Micron, and AMD as market expands