I believe the trend will continue for sometime. The Marvel's 10% rise reflects the broader bullish sentiment in certain sectors like semiconductors, where companies are bouncing back after a tough period. The semiconductor industry, which faced sharp declines earlier in the year, is seeing a notable recovery. Global semiconductor sales, for example, rose by over 20% year-over-year as of August 2024, with strong growth in regions like the Americas and Asia. Despite some geopolitical challenges, the industry's rebound is supported by increasing demand from AI, cloud computing, and automotive applications.
The semiconductor sector is projected to grow by around 13.1% in 2024, showing signs of a sustainable recovery. Key players like NVIDIA, TSMC, and Broadcom are at the forefront of this momentum, and their performance suggests a continued upward trend for the sector. The growing demand, especially in AI-driven technologies, is a major factor driving this rebound. If the current momentum holds, the semiconductor sector is poised to maintain its recovery, making it a strong area to watch for investors.
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