Page 8 - Vidia Stock News Today

Elon Musk, Mark Zuckerberg, and Jeff Bezos topped a list of billionaires with the biggest wealth increases in 2023. The top 10 gainers added a whopping $400 billion to their combined net worth.

Nvidia shares have tumbled 10% this month, wiping $176 billion off the semiconductor giant's total market capitalization.

Famed short-seller Jim Chanos called Tesla a "hopes and dreams" stock, while hailing Nvidia as the "It girl" of an AI revolution currently underway.

"We can't believe we feel the need to write this note today. And yet, here we are," Bernstein analyst Stacy Rasgon said.

"Would Nvidia's popping bring down the whole market? "It's very possible," Research Affiliates founder Rob Arnott said.

In a post on X, PM Modi said, 'Mr. Jensen Huang was appreciative of the strides India has made in AI and was equally upbeat about the talented youth of India'

"We believe tech stocks rip higher into year-end with the new tech bull market here," Wedbush said.

"Nvidia's unmatched software capabilities and exposure to secular AI and data center tailwinds reinforce its position as a top secular grower."

"Dare we say Nvidia is now cheap?" Melius Research analysts Ben Reitzes and Nick Monroe wrote in a note to investors.

The chipmaking giant's forward price-to-earnings ratio has tumbled to its lowest level since December 2022, according to data from Refinitiv.