For me, the bigger story is Jensen Huang saying $NVIDIA(NVDA.US) could sell twice as many chips next year. That gives me more confidence that AI demand remains strong despite the Fed hike and recent tech volatility. I see the chip rally as a mix of AI conviction and some relief after the rate decision, rather than just a short-term bounce.
I am still bullish on semiconductors, but I prefer to accumulate on pullbacks instead of chasing strength. I will be watching whether Nvidia and other chipmakers can turn this strong demand outlook into actual revenue and earnings growth.
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