The chip sector has been riding high on assumed strong demand for chips around EV and common goods. I'm not a firm believer this sector will be as bullish and as 'in demand' going into the winter months as countries are starting to experience expansions of higher inflation, company layoffs, and tighter budgets by both companies and consumers. Eventually there will be a time and place for chip demand; however, I don't believe that time is now.
Keep in mind NVDA reports earnings in two days.
Keep in mind NVDA reports earnings in two days.
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