Nvidia, stocks
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China, NVIDIA
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Over the last few years, big tech has unleashed record sums of capital expenditures (capex) into AI platforms. From GPUs and servers to networking equipment, hyperscalers are accelerating their data center footprints at an unprecedented pace.
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The outlook adds to concern that the pace of investment in AI systems is unsustainable. Difficulties in China also have clouded Nvidia’s business
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The chipmaker, now the most valuable public company in the world, said strong demand for its chips should continue this quarter.
Nvidia’s stock sank as much as 5% after the bell on Wednesday as giant chipmaker’s middling financial outlook raised fears about a slowdown in the red-hot artificial intelligence
There is one $12 stock, however, that few AI investors seem to be monitoring. The growth potential is sizable, but there is one crucial risk factor to be aware of before jumping in.
Major stock indexes rose and the S&P 500 posted a record closing high on Wednesday ahead of quarterly results from artificial intelligence leader Nvidia , while the dollar recovered slightly from the previous session's drop despite ongoing concerns about the U.
Artificial intelligence bellwether Nvidia is poised to release a quarterly report that's expected provide a better sense about whether the stock market has been riding on an overhyped bubble or whether it's being propelled by a technological boom that's still gathering momentum.