"Semiconductor Industry Sees Record Profits and Selloffs, Echoing 2009 Highs"
TL;DR Summary
The semiconductor industry, led by companies like NVIDIA and AMD, has seen record profits, the highest since 2009, driven by the demand for advanced AI and high-performance computing. NVIDIA joined the "trillion-dollar" club and aims for $300 billion in AI sales by 2027, while AMD continues to impress with its Instinct GPU lineup. The Philadelphia Stock Exchange Semiconductor Index reported a 65% annual increase, reflecting the sector's explosive growth.
- NVIDIA & AMD Land Huge Profits For Semiconductor Industry, Reaching The Highest Since 2009 Wccftech
- US chip stocks tumble after strongest year since 2009 Reuters
- Chip sector suffers unanimous selloff, led by stocks of AMD, Intel and ASML MarketWatch
- As This Semiconductor ETF Shows, Early-Year Profit Taking Is in Full Gear RealMoney
- Signal: Chipmakers see biggest year growth since 2009 Verdict
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