Reported about 1 month ago
Nvidia's shares fell 4% after its earnings forecast fell short of high expectations, despite still reflecting strong growth. Investor concern was somewhat alleviated by the expectation of ramped-up production of new chips. Other tech stocks, including Broadcom and AMD, also experienced gains, indicating sustained confidence in the AI market. Overall, while Nvidia didn't meet the most elevated expectations, analysts suggest it's a buying opportunity, and the long-term outlook for AI remains positive.
Source: YAHOO