‘Data As The New Oil’: Semiconductors ‘Catching Up’ With GDP In 2024, Says Analyst

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A Cantor Fitzgerald report on its 2024 Outlook for the semiconductors and semiconductor equipment industry highlighted recent trends in semiconductor revenues. Per analyst C.J. Muse’s analysis, current semiconductor revenue figures are trailing below the GDP trend line. This dip serves as a clear signal of ongoing inventory digestion within the industry, setting the stage for a compelling resurgence in 2024. Notable semiconductor companies reviewed under the report include NVIDIA Corp (NASDAQ:NVDA), Western Digital Corp (NASDAQ:WDC), ASML Holding NV (NASDAQ:ASML), NXP Semiconductors NV (NASDAQ…

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