Insatiable demand for memory chips has some of the industry’s top stocks defying the market’s math, becoming cheaper to own even as their share prices soar to nosebleed levels.
Nvidia Corp. shares rose on Thursday, extending a 20% rally over the past seven days as investors plow into the chipmakers profiting from a flood of investment spending on artificial intelligence.
The worsening shortage in global memory chips due to the artificial intelligence buildout is driving a widening gulf in corporate results and stock performances.
