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The Next Revolution in the Microchip Industry

By July 6, 2023No Comments

As microchips increasingly become an integral part of our lives, share prices for many companies that make them are rising fast. Last week shares of NVIDIA Corp (NVDA) jumped over 30%, pushing its market cap over $1 trillion, following its latest earnings announcement. Its shares were up 180% year-to-date as of June 13. The iShares Semiconductor Sector ETF (SOXXhas gained more than 45% YTD, and the VanEck Semiconductor ETF (SMH) has gained over 50%. This area is getting a lot of investor attention, but it is also an industry that may be on the cusp of a revolution.

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