Published on 20 Sep 2024 on Insider Monkey · via Yahoo Finance
EMCORE Corporation (NASDAQ:EMKR): A Chip Stock Powering The AI Boom
We recently compiled a list of the 35 Chip Stocks Powering AI Boom. In this article, we are going to take a look at where EMCORE Corporation (NASDAQ:EMKR) stands against the other AI stocks.
AI has played a pivotal role in driving growth within the semiconductor market, transforming it into one of the most lucrative sectors globally. As AI applications proliferate across industries — from cloud computing and autonomous vehicles to healthcare — demand for advanced semiconductor technologies has surged. NVIDIA, a leader in AI GPUs, reported record revenues exceeding $30 billion in Q2 2024, largely driven by AI-related chip sales. Jensen Huang, the CEO of the chipmaker, remarked that AI was the most powerful technology force of the time and was transforming industries across the board.