Nvidia Corp NVDA, despite experiencing a $900 billion dip, continues its rally based on
investor optimism, fueled by its involvement in the growing
AI market. Despite the downturn, some top investors continue to see Nvidia as
undervalued and still a good buy, owing to its AI chip and
GPU technological advancements. Rumors exist about potential delays in
Nvidia's next-generation AI chip, attributed to engineering setbacks. However, no concrete evidence has verified these claims. Analysts emphasize Nvidia's AI leadership, despite the reported delay. Financial results for the first quarter of fiscal 2025 enhanced the standing of Nvidia's finances revealing how
AI expansion has driven up stock by 345%. Meanwhile, critics assert that Nvidia is overvalued, prompting Wall Street to call for 'tremendous opportunity' after the sell-off. In comparison, others suggest that the tech giant could soon be worth nearly $50 trillion within the next decade.
Insider selling has also affected stock prices, but the company's underpinning assets, including AI GPUs and its formidable place in the
new industrial revolution, offers a counterbalance to investor concerns.
Nvidia Corp NVDA News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 22:03:11 GMT -
Rating -2
- Innovation 6
- Information 3
- Rumor -4
