NVIDIA Rises Over 10% as AI Chip Concerns Subside, Semiconductor Sector Recovers

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NVIDIA (NVDA) surged over 10% this week, as the Philadelphia Semiconductor Index (SOX) rose more than 8%. Recent on-chain data indicates renewed buying interest in the sector, with the Fear & Greed Index shifting toward optimism. Earlier sell-offs were driven by concerns over AI infrastructure costs and HBM shortages, but market sentiment has improved. Elon Musk’s SpaceX mentioned during its first earnings call that it is using NVIDIA chips in its ground and space data centers. NVIDIA is also testing a lower-HBM version of the Rubin Ultra chip to alleviate supply pressures.

Odaily Planet Daily report: NVIDIA (NVDA) saw its stock price rise over 10% this week, while the Philadelphia Semiconductor Index (SOX) increased by more than 8% during the same period. Previously, the semiconductor sector faced selling pressure due to concerns over the scale of AI infrastructure investment and high valuations of chip companies, but sentiment has recently improved.

NVIDIA's rise was partly driven by positive news from SpaceX. During SpaceX's first earnings call, Musk stated that the company plans to build data centers both on Earth and in space, using exclusively NVIDIA chips.

Meanwhile, the market remains focused on supply pressures for HBM memory. According to The Information, NVIDIA is testing a version of the Rubin Ultra chip with reduced HBM configuration to address the global shortage of high-bandwidth memory. (Yahoo Finance)

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