Nvidia Stock Declines Amid Chip Sector Turmoil Following Dell Earnings and Alibaba Rivalry

Reported 2 days ago

Nvidia shares fell over 3% on Friday, contributing to a broader decline in the semiconductor sector after Dell's disappointing earnings forecast and news of Alibaba developing its own chip to compete with Nvidia and AMD. This drop follows Nvidia's mixed earnings report earlier in the week, raising concerns about its reliance on a limited customer base and uncertainties in the Chinese market due to geopolitical tensions.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis