With Chip Shortages Easing, Nvidia Could Be in for a Bull Run.
Shares of semiconductor giant Nvidia have been trading in the green for the past couple of days. Reports suggest the ongoing supply chain bottlenecks in graphics processing units (GPUs) will be easing up, potentially kick-starting a rally in NVDA stock.
In January, leading tech publications such as Tom’s Hardware reported a drop in GPU prices. Moreover, prices have gone down an average of 30% in the past three months. Hence, it appears GPU shortages may finally be coming to an end.
Several of Nvidia’s high-end processors are returning to shelves at popular retailers. Moreover, the additional markup users were paying for GPUs is coming down.
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Mad Rabbit : I wonder when this article was written. Nvidia was in a blood bath yesterday. It hasn’t been green the past few days. It’s been s downward trend recently. A bull run would be nice though.
BrandonnW OP Mad Rabbit : Downward trends often lead to upward momentum.