Nvidia's AI Chip Growth Slows, Investors Watch Earnings

Nvidia stock rebounded on Thursday, recovering from a previous sell-off due to AI market concerns. Despite a nearly four percent drop on Wednesday, the stock climbed two and a half percent in afternoon trading, with a year-to-date increase of over one hundred and sixty percent. Analysts at Bank of America see this pullback as a buying opportunity, expecting Nvidia to maintain its AI chip market leadership. However, investors question if Nvidia can sustain its rapid expansion amidst growing competition from AMD, Intel, and Google. Nvidias next earnings report on August twenty-third will be closely watched.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.