Read Why Nvidia, AMD, Taiwan Semiconductor And Other Chip Stocks Gained Steam
- Date: 04-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Read Why Nvidia, AMD, Taiwan Semiconductor And Other Chip Stocks Gained Steam
Marvell Technology Inc (NASDAQ: MRVL), NVIDIA Corp (NASDAQ: NVDA), and Micron Technology Inc (NASDAQ: MU) are likely to continue to see investor interest, as Citigroup notes that November chip sales were "well above" seasonal trends, and lead times continue to get longer.
Citing Semiconductor Industry Association, analyst Christopher Danely notes that November monthly sales were $51.7 billion, up 10.7% month-over-month, compared to an average decline of 0.7% and estimates of $48.1 billion, as a result of higher units and pricing.
Related Content: Chip Sales Set To Grow Nearly 10% In 2022: Report
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