chip market – pressnews

[ad_1] This year's AI stock frenzy has papered over cracks in the semiconductor market. Beyond the enthusiasm for the likes of Nvidia Corp. and Advanced Micro Devices Inc., it's a mixed picture for investors. Recent earnings pointed to slumping industrial and networking chip markets, while some on Wall Street are bracing for the impact of a potential economic slowdown on automobile chips. On the flip-side, smartphone components and personal computers look set for recovery, according to Samsung Electronics Co. and Intel Corp. “It's important to avoid painting semis with a broad sector brush,” said Brent Fredberg, portfolio manager at Brandes Investment Partners. “The concern is that the industry may now be entering a period of excess inventory digestion.” Broadcom Inc., which has gai...

[ad_1] Nvidia Corp. Chief Executive Officer Jensen Huang is heading to China to meet with tech executives in the world's biggest chip market, despite rising tensions between Washington and Beijing, according to people familiar with the matter.Huang, who headlined a trade show in Taiwan this week, plans to travel to China for the first time in years in June, said the people, who asked not to be identified because his schedule is private. Companies on his itinerary include gaming leader Tencent Holdings Ltd. and TikTok-owner ByteDance Ltd., one of the people said. Nvidia is emerging as a critical player in the booming field of artificial intelligence, but its position in China has been complicated by geopolitics. US sanctions unveiled by the Biden administration last year prevent the semi...

Tag: chip market

Beyond The Likes of Nvidia Corp and AMD, Chip Market Troubles Pose Threats After AI Euphoria

Nvidia’s CEO Plans Trip to Meet China Executives Despite US Curbs