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3 Solid Mutual Funds to Buy on Rebounding Semiconductor Sales [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
surrounding artificial intelligence (AI), which is driving demand for AI chipsets. The Semiconductor Industry Association (SIA) reported on Jul 5 that global semiconductor sales totaled $49.1 billion in May, jumping 19.3% year over year. This was also the largest percentage jump in year-over-year sales since April 2022. Semiconductor sales jumped 4.1% sequentially in May from April's total of $47.2 billion. John Neuffer, SIA president and CEO, said, “The global semiconductor market has grown on a year-to-year basis during each month of 2024, and year-to-year sales in May increased by the largest percentage since April 2022.” Neuffer added, “The Americas market experienced particularly strong growth, with a year-to-year sales increase of 43.6%.” Inflation eased in April and May after increasing in the first quarter. Easing price pressures are once again driving demand. Also, the ongoing enthusiasm surrounding artificial intelligence is boosting demand for AI chipsets. NVIDI
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