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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 684.83+0.6%Dec 22 4:00 PM EST

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To: Johnny Canuck who wrote (59953)9/11/2024 10:36:22 PM
From: Johnny Canuck1 Recommendation  Read Replies (1) of 69182
 
Nvidia is expected to grow quickly through 2026. These companies may grow faster.An overwhelming number of analysts still rate Nvidia a buy, and they expect a significant gain for the stock over the next year

Published: Sept. 10, 2024 at 1:19 p.m. ET

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The PHLX Semiconductor Index has returned 74% over the past two years with dividends reinvested, while the S&P 500 has returned 39%.Photo: Getty Images

Nvidia Corp. dominates coverage of the semiconductor manufacturing space, and rightly so. But many other chip makers are expected to put up impressive numbers over the next two years.

Nvidia NVDA has commanded the market for graphics processing units being deployed by data centers to support their corporate clients’ development of artificial-intelligence technology. The company has been showing dramatic increases in revenue for the past five reported fiscal quarters. Nvidia’s market capitalization has increased to $2.61 trillion from $358 billion two years ago. The company’s stock now makes up 5.7% of the SPDR S&P 500 ETF Trust SPY, the oldest and largest exchange-traded fund tracking the S&P 500 SPX. Only Apple Inc. AAPL and Microsoft Corp. MSFT are weighted more heavily in the index.
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