Semiconductor stocks, a key bull market driver, faced a 27% drop from July highs but began to stabilize. The Philadelphia Semiconductor Index (SOX), closely watched for market trends, remains in a short-term pullback amid broader market uncertainty and high stock valuations.
Moreover, semiconductor stocks dipped after a strong start to 2024, as Wall Street adjusted valuations. Nvidia’s (NASDAQ:NVDA) $3 trillion market cap, driven by its dominant AI GPU market share, has since cooled. Investors should watch emerging players for future growth, like these three which I highly recommend are worth doing some homework on right now.
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