Meta will use AMD's chips and is reportedly interested in Google processors, while OpenAI is turning to Amazon silicon, as Nvidia faces increasing competition.
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Nvidia
reported blowout earnings on Wednesday and issued a better-than-expected forecast showing accelerating growth. CEO Jensen Huang proclaimed that “compute demand is skyrocketing.”
Investor concerns appear to be elsewhere.
The stock fell for a second straight day on Friday and is down 6% for the week in what would be its sharpest pullback since November. With the retreat, Nvidia’s stock is now down for the year, joining the rest of tech’s megacap companies.
Nvidia is a fly in the market’s soup, but the soup still tastes pretty good.
Nvidia is the only megacap tech stock to notch gains this year as investors have turned cautious on the hefty amounts of spending…
Nvidia’s latest earnings show the AI boom as room to run, but the market reaction may point to a vibe shift in how investors are…
Nvidia's Jensen Huang criticized OpenAI's business strategy as the chip giant plans to invest up to $100 billion into the AI…
Nvidia is a fast-growing and highly profitable enterprise. But that may not be enough to reward investors from here.
Investors had extremely high expectations for Nvidia’s data center division, with forecasts set at $41.3 billion.
