South Korea's semiconductor industry has seen a significant boost, recording the largest gains in production and shipments in years, signaling a resurgence in the global tech sector. This revival is marked by a 42% increase in chip production in November year-over-year, the most since early 2017, and an 80% surge in shipments. In the broader semiconductor market, companies such as Nvidia and Advanced Micro Devices have seen their shares soar, driven by AI-fueled demand, and are on track for their best year in more than a decade. Nvidia, in particular, has been highlighted as the most over-valued stock of the year, with a 350% increase, benefiting from the AI hype and is far from its 200-day moving average. The stock received a 'Strong BUY' rating from an AI analysis, with an AI Score of 10/10, which predicts a high probability of outperforming the market in the next three months. Nvidia finished the year at $495.22, up 254.94% year-to-date, while Tesla also saw a significant rise, ending at $248.48, marking a 129.86% increase for the year.
Tesla, $TSLA, finished the year at $248.48. It is up 129.86% this year. https://t.co/BDrrxI7k2r
Nvidia, $NVDA, finished the year at $495.22. It is up 254.94% year-to-date.
$NVDA is now in the green again on the last trading day of 2023. https://t.co/qF5mV28Um3
Shares of semiconductor companies are on track for their best year in more than a decade, with AI-fueled demand powering gains for chipmakers Nvidia and Advanced Micro Devices https://t.co/lIyEHYdDuD
$NVDA AI-Powered BUY Alert 🚨 For our #AI, $NVDA is a Strong BUY (AI Score 10/10) based on the probability of beating the market in 3 months after analyzing 10,000 fundamental, technical, and sentiment stock features. Complete AI-powered $NVDA analysis: https://t.co/bnOvwNBCcc https://t.co/g7E77xzRkR
"South Korea’s #semiconductor industry recorded the largest gains in yrs in both production & shipments, underscoring a revival of technology momentum...Chip production jumped 42% in Nov YoY, most since early 2017, while shipments soared 80%" https://t.co/JWnZLjGAiK
The most over-valued stock of the year is Nvidia. Up 350%. Prime beneficiary of the AI hype cycle. A master class in exploiting human artificial intelligence. The 200 dma is a bear market away. https://t.co/9rFGrpSSix
South Korea’s semiconductor industry recorded the largest gains in years in both production and shipments, underscoring a revival of technology momentum that bodes well for the global tech sector https://t.co/BmVoPIxRJ2