cyclical

Vinh expects more meaningful recovery in the industrial market next year as the cyclical semiconductor industry comes out of an inventory-destocking cycle.

Although semiconductors, memory chips and other AI infrastructure investments have been hot this year, Liddle said the caveat was that “these are still historically cyclical investments” that have higher risk.

The rebound in healthcare and other cyclical sectors is a reminder that diversification is ultimately the smartest and safest strategy.

At my old employers, with over 100,000 employees globally, to get something approved took a really long time, and it was very cyclical.

Of course, at some point the cyclical chip industry will add too much capacity and the fundamentals will deteriorate for Nvidia.