The star investor may have pulled out of chip stocks too soon.
(Photo: AP)
Munich, San Francisco In the past few weeks, the stock market for semiconductor manufacturers has risen sharply. The chip company Nvidia is now fueling the euphoria. When presenting the latest quarterly figures, CEO Jensen Huang spoke of good market prospects – mainly driven by the demand for chips for artificial intelligence. Nvidia shares then rose by more than eight percent.
Nvidia is not alone with the jump in price: Since the beginning of January, the share price of the world’s largest contract manufacturer in the chip industry, TSMC, has risen by around a fifth. Many other semiconductor stocks have also gained massively in value. The Philadelphia Semiconductor Index gained about a fifth. The largest semiconductor stocks traded in the USA are represented in the stock market barometer, including TSMC. Still, Warren Buffett got out. Ask yourself: Why?
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