Reported 3 days ago
Nvidia's stock experienced a brief surge of up to 4.8% as analysts maintained bullish ratings despite concerns over competition and a potential decline in AI chip demand. However, shares fell approximately 1% by the end of the day after the Federal Reserve projected fewer rate cuts and persistent inflation for 2025. Analysts expressed confidence in Nvidia's technology but raised concerns over competition from custom chips developed by major tech companies.
Source: YAHOO