Reported 2 days ago
Nvidia's stock saw a rebound of up to 2.7% as analysts maintained bullish ratings amid worries of rising competition and diminishing demand for AI chips. Despite fluctuations and a 11% drop from its record, major analysts like Bernstein and Morgan Stanley uphold confidence in Nvidia's dominance in the AI chip market, emphasizing their robust technology and execution. However, there are concerns about the slowing pace of Big Tech's AI spending and the rise of custom chips potentially impacting Nvidia's market share.
Source: YAHOO