DruckenMiller has reduced his stake in Nvidia, suggesting AI may be overhyped in the near term. However, Nvidia's stock value, according to Goldman Sachs, is still the AI standard for the foreseeable future. Despite the stock's recent underperformance, various investment firms such as Naviter Wealth LLC, Ewa LLC, and Red Wave Investments LLC have increased their holdings in Nvidia. A Goldman Sachs analyst has revised the company's share price expectation upwards due to continued robust AI server demand. Nvidia's involvement in a $1.05 billion funding round for Wayve shows the company is advancing in automated driving. The company's recent AI updates and the launch of the Grace Blackwell Chip could potentially lead to accelerated ARM adoption in data centers. Investors have still shown interest in Nvidia despite a decrease in stakes by billionaires such as George Soros' Ex-Employees. Goldman Sachs has highlighted a strong season of AI earnings reports, acknowledging Nvidia as a missing link in the reports.
Nvidia Corp NVDA News Analytics from Mon, 30 Oct 2023 07:00:00 GMT to Thu, 09 May 2024 04:25:25 GMT -
Rating 5
- Innovation 7
- Information 7
- Rumor -2
