Nvidia (NASDAQ:NVDA) remains under pressure after entering a technical correction, having fallen 14% from its highest level this year.
The AI chip giant now faces a crucial test as earnings from major technology companies over the next two weeks could either reignite investor optimism or trigger another wave of selling.
Nvidia Stock Faces Major Risks Ahead of Big Tech Earnings NVDA stock is facing some major risks, which explains why it remains under pressure.
A key risk is that China’s AI companies are doing relatively well as evidenced by Moonshot’s Kimi K3 model, which is beating OpenAI’s ChatGPT and Anthropic’s Claude.
The ongoing growth in Chinese models means that they may take some market share from ChatGPT and Claude.
