So today's sell-off isn't entirely a case of "what's good for Intel is bad for Nvidia," at least not entirely. On the other hand, Intel stock is also down today, losing 1.2%. So good news for Intel might be bad news for Nvidia - one possible reason Nvidia stock is down today. Nvidia stock has been in the dumps recently, pressured by a combination of slowing sales of graphics. The catalyst that sent the semiconductor specialist higher was news that a well-known growth investor Cathie Wood is increasing her stake - again. Helping it with that task will be economic incentives from the State of Ohio, which says it has offered Intel "tax breaks linked to job creation and infrastructure spending, including for site construction," the Journal says. Shares of Nvidia (NASDAQ: NVDA) surged higher Tuesday morning, jumping as much as 4.2. Intel says its intention is to grow its share of the $500-billion-a-year market for semiconductors, which by implication means it plans to take share away from Nvidia. The popular semiconductor stock appears to be responding to a positive prognosis for the global.
And as The Wall Street Journal, reports, the $20 billion that Intel will be investing in Ohio is only part of a $100 billion investment plan for building out new fab capacity. Shares of Nvidia ( NVDA -0.36) jumped out of the gate Monday and were up 3.5 as of 9:55 a.m. Rushing has been a major priority for the Ducks, and he was on campus. 1 ranked EDGE in the 2024 class, ranked by 247Sports as the No. Rushing, who is the young brother of Cruz Rushing, a walk-on at Oregon, is the No.
Construction will commence later this year, and production should start in 2025. 5-star EDGE rusher Elijah Rushing has announced that he will be in attendance for the matchup. According to The Wall Street Journal, Samsung Electronics agrees with this prognosis that "the good times would continue," as does Intel ( INTC -0.87%), where CEO Pat Gelsinger says "2022 will only be better" than 2021.On Friday, Intel announced that it has chosen to locate two new chip factories near Columbus, Ohio, picking the city from a field of 40 locations that had competed for the investment. On the minus side, though, Gartner notes that price increases for logistics and raw materials are raising semiconductor companies' cost of doing business, and that they're passing these costs along to their customers.Īs both these trends run their course, Gartner projects that global chip sales will grow another 9% to $636 billion this year, then grow to $692.5 billion by 2025, and eventually top $1 trillion in 2030. On the plus side, there's the ongoing global semiconductor shortage that could last into 2024, and that's causing prices to rise as demand grows in the absence of adequate supply. Gartner noted that the rising price of semiconductors comes primarily from two factors - one positive and one negative for chipmakers' stocks.
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