Nvidia Corporation (NVDA), an AI pioneer, has experienced significant stock value fluctuations recently. Post earnings, the company's stocks fell 15%, consequentially wiping $406 billion from its market cap. Many are speculating on the suitability of NVDA in their portfolios, with emotions ranging from cautious optimism to bearish sentiments. CEO Jen-Hsun Huang sold $25 million worth of company stock, instilling further uncertainty. Despite these setbacks, one portfolio manager remains optimistic, predicting that revenue and stock for the firm will double in the next several years. In other news, Nvidia has received a DOJ subpoena related to an antitrust investigation. In response, Nvidia issued a statement denying being subpoenaed. Investors are also questioning the transparency of Nvidia's earnings after a tech analyst raised concerns about the company's dependency on a select few customers for its Q2 revenue. In a contrasting move, Billionaires are reportedly selling off their Nvidia stocks while scooping up a prominent cryptocurrency. However, financial media continues to speculate that this AI stock could go parabolic, and it remains a favourite amongst hedge funds.
Nvidia Corp NVDA News Analytics from Wed, 22 May 2024 07:00:00 GMT to Sun, 08 Sep 2024 23:42:29 GMT -
Rating -4
- Innovation 1
- Information 2
- Rumor -3
