The coming year is expected to include an explosion in new AI technologies.
As 2023 draws to a close, Nvidia (NASDAQ: NVDA) has clearly been one of the standout performers on the stock market with terrific gains of 211%. Nvidia's eye-popping surge this year has inflated the company's valuation. Nvidia is carrying a rich price-to-sales ratio right now compared to where it was at the end of 2022.
(Bloomberg) -- This year’s AI stock frenzy has papered over cracks in the semiconductor market. Beyond the enthusiasm for the likes of Nvidia Corp. and Advanced Micro Devices Inc., it’s a mixed picture for investors. Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpStocks and Bonds Churn as BOJ Rattles Traders: Markets WrapBiden Moves to Forgive Nearly $5 Billion in Student LoansDimon Says He