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

Odaily News Nvidia (NVDA) shares have climbed more than 10% this week, while the Philadelphia Semiconductor Index (SOX) has gained over 8% during the same period. The semiconductor sector had previously been sold off amid concerns over the scale of AI infrastructure investment and elevated chip company valuations, but sentiment has recently improved.

Nvidia's gains were partly driven by positive news from SpaceX. During SpaceX's first-ever earnings call, Musk stated that the company will build data centers both on the ground and in space in the future, and will rely entirely on Nvidia chips.

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