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Semiconductor Sales Gain Momentum: 3 Growth Stocks to Buy Now [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
The Semiconductor Industry Association recently reported a 4.1% month-over-month increase and 19.1% year-over-year growth in global semiconductor sales, reaching $49.1 billion in May. The year-over-year sales percentage growth in May was the largest since April 2022, infusing renewed confidence among investors. Year-over-year growth was strongest in the Americas, with sales jumping 43.6%, trailed by China and Asia Pacific/All Other, sales of which increased 24.2% and 13.8%, respectively. Semiconductor Sales: 2024 Forecasts Positive Forecasts for 2024 paint an optimistic picture, expecting sustained demand to propel sales growth. The World Semiconductor Trade Statistics (WSTS) projects an impressive 16% increase over 2023, up from the previous guidance of 13.1%. Global sales for 2024 are anticipated to reach $611.2 billion. Americas sales are expected to lead, with sales likely to surge more than 25% this year. IDC's expectations for 2024 semiconductor sales are more optimist
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