The market’s enthusiasm for the rapid expansion of the AI market, which had driven up semiconductor stock prices, is starting to cool. While Nvidia reported a significant surge in net profit, the market’s reaction has been muted. The combined market capitalization of global semiconductor-related stocks has contracted by $1 trillion since its peak in July. This suggests that investors may be becoming more cautious about the short-term impact of increased investments in AI, recognizing that it may take time to realize the full benefits of these investments.
