Tesla’s AI infrastructure spending will definitely be one of the many factors supporting the AI rally but there are many other buyers and demand to support the AI rally.
AMD breaking $300 is a good sign, demonstrating that demand is going strong and the market is beyond Nvidia. The chip supply is still clearly behind demand and I believe this situation will last for a number of years especially with the exponential increase in use cases with many trying to get onto the bandwagon.
I personally like Nvidia and Taiwan semiconductor but for a busy investor like me who does not make a lot of time to keep studying every single company, I have always preferred ETFs and for me, SMH is great for me!
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