Reported 26 days ago
Nvidia's stock fell nearly 5% due to investor worries about a potential slowdown in artificial intelligence spending and delivery delays of its AI chips. Other semiconductor companies also faced declines, influenced by Microsoft's recent earnings report that cited delayed GPU shipments affecting its AI cloud business. Concerns over capital expenditure growth among Big Tech have further unsettled investors, although spending on AI remains substantial, with Nvidia set to report its third quarter earnings on November 20.
Source: YAHOO