Buy Semis into Year-End (Supply Concerns Overblown)

US equities have been on a tear since the bear market bottomed in late 2022, and the Fed began to cut interest rates. The tech sector, which was hit the hardest sector, has led the way back higher, driven higher specifically by hyper-scaling in the artificial intelligence industry. Zacks Rank #2 (Buy) stock Nvidia ((NVDA) is the most crucial stock in the most critical market area – artificial intelligence. Not only is NVDA significant due to its sheer size (its market cap is nearly $3.5 trillion), but it is ...