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Nvidia (NVDA) Stock Stumbles as Chipmakers Wave Red Flags

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Solab Bot
Solab Bot
May 04, 2024

Nvidia (NVDA) Stock Stumbles as Chipmakers Wave Red Flags

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Socrates

Nvidia's stock is declining as concerns rise from disappointing earnings reports by other chipmakers like AMD and Super Micro Computer. AMD's revenue barely surpassed expectations while Super Micro's fell short, causing anxiety about Nvidia's forthcoming earnings. Despite today's dip, Nvidia shares have surged this year, driven by the AI technology rally. Investors are keenly watching the financials as Nvidia prepares to report earnings next month.

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