Nvidia Rises Over 10% Weekly, Semiconductor Sector Rebounds as AI Chip Concerns Ease

Odaily Planet Daily News Nvidia (NVDA) shares rose more than 10% this week, while the Philadelphia Semiconductor Index (SOX) gained over 8% during the same period. Earlier, the market had sold off the semiconductor sector due to concerns over the scale of AI infrastructure investment and lofty valuations of chip companies, but sentiment has recently improved.

Nvidia's rise was partly driven by positive news from SpaceX. During SpaceX's first earnings call, Elon Musk stated that the company will build data centers both on the ground and in space in the future, and will exclusively use Nvidia chips.

Meanwhile, the market continues to focus on HBM memory supply pressures. According to The Information, Nvidia is testing a version of its Rubin Ultra chip with reduced HBM configuration to address the global shortage of high-bandwidth memory. (Yahoo Finance)