The Consumer Electronics Show in Las Vegas was this past week. I don't go to these things, nor do I really keep up with them. But I did notice a strange spike in the share price of one of my stocks. After a little research, I found out the sector in general had risen, not just one stock, so this wasn't a company-specific thing. It was enthusiasm for the sector.
That sector was computer memory, stuff like RAM and hard drives. Companies like Nvidia get all the media coverage, and rightly so, but the memory-makers are getting some investor attention now. It turns out AI needs this stuff, too, not just the video cards.
The spike in share price was brief, just a blip on the radar, and the shares have since pulled back quite a bit. The gains have mostly vanished. But the event might be a harbinger of what the next "hot thing" will be on Wall Street.
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