Reported 2 months ago
Nvidia's stock has recently dropped around 15% after reaching a $3.3 trillion market cap, despite gaining over 100% in the last year. As the company approaches its second-quarter earnings announcement, questions arise regarding its market share amidst competitive pressures from companies like Apple and Alphabet, which are developing their own AI chips. Analysts maintain optimistic revenue estimates for Nvidia, but potential declines in revenue and profit margins due to increased competition should give investors pause. Caution is advised as investors consider whether to buy now or wait for Q2 earnings to reassess the situation.
Source: YAHOO