As Bloomberg put it, the company's report "needed to be perfect" given its nearly $2 trillion in market value, placing Nvidia squarely in the maelstrom of the ongoing AI hype wave.
US Global Investors head trader Michael Matousek told Bloomberg, "AI is still there, but I think people got a little too excited, a little too over-hyped in terms of what we can expect in the near term."
The latest retreat also indicates wariness about upcoming chip availability. Nvidia recently showed off its next-generation Blackwell computing platform designed to build and run generative AI models, but investors have voiced concerns that the company may not be able to keep up with demand.
Collection
[
|
...
]