Three Stocks to Avoid in 2024\n\nThe year 2024 may seem far away, but for investors, it’s important to plan ahead and make informed decisions about where to put their money. We will take a closer look at three stocks that investors should avoid in 2024.\n\nOne of these stocks is Beyond Meat (NASDAQ:BYND), a plant-based meat company that has seen a significant decline in its stock price. The wider market rally, Beyond Meat’s stock was down 29% in early December. This can be attributed to weaker consumer demand for plant-based meat alternatives. \n\nAnother stock to avoid is ChargePoint (NYSE:CHPT), an electric vehicle company that went public through a SPAC in 2020. While there was a lot of hype surrounding the company’s potential, it has failed to live up to expectations. With the electric vehicle industry becoming increasingly competitive, it’s uncertain if ChargePoint will be able to maintain its position as a leader in the market.\n\nOne such stock is in the food industry, which has been largely overshadowed by the hype surrounding other stocks in 2021. This stock has great potential and is currently undervalued, making it a good investment opportunity.\n\n While there are many stocks with potential for growth, there are also some that investors should avoid. Beyond Meat, ChargePoint, and C3.ai are three stocks that may not be worth investing in for the long term.

White House Grants First Semiconductor Manufacturing Grant Under CHIPS and Science Act of 2022\n\nThe White House has announced the first grant for the manufacture of semiconductors in the United States under the CHIPS and Science Act of 2022. This news has helped boost shares of chipmakers. The grant is a significant step towards reducing the country's reliance on foreign chip manufacturers and strengthening its domestic semiconductor industry.\n\nS&P 500 Gains Ahead of Key Economic Data and Fed Meeting\n\nOn Monday, December 11, 2023, the S&P 500 gained 0.4% as investors awaited key consumer inflation data and the last Fed policy meeting of 2024. The market is closely watching these events for any potential impact on the economy and the stock market.\n\nNvidia's Dominance in AI Chip Market Faces Challenges from Rivals\n\nAccording to analysts, Nvidia Corporation (NASDAQ:NVDA) currently controls around 80% of the AI chip market, including custom processors from companies like Alphabet (NASDAQ:GOOG)-owned Google and Microsoft Corporation (NASDAQ:MSFT). Advanced Micro Devices Inc (NASDAQ:AMD) recently unveiled new AI chips that promise to challenge Nvidia's dominance, while Amazon.com Inc (NASDAQ:AMZN) has also entered the race with its own AI chips.\n\nAMD Aims High with New AI Chips, Targets Nvidia's Flagship Processors\n\nAMD has launched a new generation of AI chips, the MI300 series, which are designed for generative AI applications and supercomputers. The company estimates a $45 billion addressable market for its data center AI processors this year, a significant increase from its previous estimate of $30 billion. These new chips are positioned to challenge Nvidia's flagship AI processors.\n\nAmazon Challenges Microsoft with New AI Chip and Deepened Nvidia Partnership\n\nDuring its AWS re:Invent event, Amazon announced its new Trainium2 artificial intelligence chip and the general-purpose Graviton4 processors. These chips consume less energy and offer a 30% performance improvement compared to Amazon's existing Graviton3. The company is also deepening its partnership with Nvidia, offering access to its next-generation H200 Tensor Core GPUs. This move is seen as a direct challenge to Microsoft, which also offers access to Nvidia's GPUs through its Azure cloud.\n\nThe semiconductor industry is experiencing significant developments as companies like AMD and Amazon challenge Nvidia's dominance in the AI chip market. The White House's grant for domestic semiconductor manufacturing is a positive step towards reducing the country's reliance on foreign chip manufacturers. It remains to be seen how these developments will impact the market and the economy in the long run.\n\n The recent news surrounding the semiconductor industry highlights the growing competition and advancements in the AI chip market.