TECH - Tap This ETF to Play Chip Trio NVIDIA Broadcom & Micron | Benzinga
The chip industry is red-hot this year, thanks to huge gains recorded by NVIDIA (NASDAQ: NVDA), Broadcom Inc (NASDAQ: AVGO) and Micron (NASDAQ: MU). Nvidia is up about 180%, Broadcom has gained 60%, and Micron has jumped more than 75% in the year-to-date frame (as of Jun 20, 2024). We know that the rise of generative AI and its increasing applications have driven demand for powerful GPUs and other semiconductor components, which led to the rally in the trio.
Inside the Rise of NVIDIA, Broadcom & Micron
By now, NVIDIA is known to all for its relentless rally, driven by its prominence in the artificial intelligence space. It is now the most valuable company in the world. The company's success lies in its innovation and a huge market share of 80% in AI chips for data centers. Demand for NVIDIA's H100 accelerators has been on a surge..
Early this month, the AI chipmaker unveiled a high-powered version of its Blackwell chip — called the Blackwell ...