Super Micro Stock Fell 23%, Nvidia Stock Lost 10% — GenAI In Trouble?
The server maker stunned Wall Street last quarter when it preannounced results substantially higher than what analysts had been expecting.
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The server maker stunned Wall Street last quarter when it preannounced results substantially higher than what analysts had been expecting.
Santa Clara-based chipmaker Nvidia has emerged as Wall Street's new king of trading activity, dethroning electric vehicle giant Tesla.
(CTN News) - As Wall Street's most traded stock by value, NVIDIA replaces Tesla. This confirms the importance of AI-related investments...............
Nvidia's role as an AI powerhouse will be in focus Wednesday as it announces its latest earnings report and investors weigh the results against the dramatic surge the stock has seen.
The Santa Clara, California chipmaker's quarterly report on Wednesday will be one of Wall Street's most watched events of the week. Some strategists believe anything short of a blowout report could reverse a rally that has sent Nvidia's stock soaring 47% in 2024.