Opinion

Call it the quest for the most chips. As the companies and governments seek to leverage the potential of artificial intelligence, semiconductors have risen to the top of their shopping list.

For investors, this demand has manifested materially — at least for those who have exposure to the U.S. stock market. The world’s largest publicly traded company, Nvidia Corp., is a semiconductor producer that, until the advent of generative AI search engines like ChatGPT, was best known for making graphics computer chips for video gaming.

Even the other big tech companies that dominate the U.S. stock market rely on Nvidia in most instances to provide semiconductors for their cloud computing and AI-powered capabilities. What’s more, most of these firms also have research and development arms

See Full Page