Reported 2 months ago
Nvidia's stock fell more than 6% on Thursday, reversing the previous day's 12% gain, as the tech sector experienced a sell-off driven by weak economic data. Despite the drop, analysts remain optimistic about Nvidia's long-term prospects, noting strong capital expenditures from major clients like Microsoft and Meta, which account for a significant portion of its revenue. The semiconductor sector as a whole struggled, yet Nvidia is still considered a dominant player in the AI chip market.
Source: YAHOO