Reported 3 days ago
Nvidia's stock surged over 3% as Wall Street analysts reinforced their positive outlook, despite fears of increasing competition and a potential decrease in AI chip demand. Following a 12% decline from its peak, analysts from firms like Bernstein and Morgan Stanley continue to advocate for the stock, highlighting Nvidia's technological dominance. Concerns about custom chips gaining market share were discussed, yet analysts maintain that Nvidia's strong execution may help it retain leadership in the AI chip market.
Source: YAHOO