April 29, 2021

The global chip shortage continues to ravage many sectors, most notably automotive. However, traders are betting on producers AMD and Nvidia to see the largest gains. AMD has lagged the SMH Semiconductor ETF, but strong demand and a weak Intel are projecting it to eat a larger market share. Intel had a 20% decline in data center revenue, while AMD saw growth in chips. As Intel continues to shrink in the space, AMD pushes ahead in performance, innovation, and costs. Others are bullish on Nvidia. Nvidia has stalled since the chip shortage at around $600 per share, but traders are setting a $700 target price point.

(Portland)


FINSUM + Magnifi: The global chip shortage has scared off many investors, but that’s an opportunity to hold these hardware innovators. These stocks have another common factor: video games and graphics card demand will likely remain high with new computer gamers and crypto miners.

Other news today: Chinese Stocks are Big Winners Despite Delistings and JP Morgan Warns of Big Tech Correction

{{cta(‘031ca73e-408c-41ef-9886-bfe7cd5553d7’)}}

Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of April 2021, 300,000+ users with $500+ Billion in Assets Under Influence, have used Magnifi over 1,500,000 times. Try it for yourself today.

 

This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]