The market rather Micron than Nvdia and Palantir
Why Nvidia Stock Is Stuck in a Trading Range -- and What Could Finally Break It Out -- Barrons.com
Nvidia just can't seem to impress the market any more. Three major potential catalysts for the chip maker's shares have come and gone without making an impression, but investors still have cause to be patient.First came Nvidia's blowout earnings late last month. Then there was this week's GTC conference where Nvidia showed how it will maintain its dominance in the next generation of artificial-intelligence hardware and gave a headline $1 trillion revenue forecast. And finally, Nvidia executives disclosed this week that sales of its chips to China finally look to be unblocked.All to no avail. Nvidia stock looks set to end the week lower than it started, trading down by 2.2% at $174.68 on Friday afternoon. That would be the stock's lowest close since Feb. 5. It had been stuck in a trading range of roughly $180 to $190 for weeks."While Nvidia is confident in its demand momentum, the [GTC] conference did little to address key investor concerns about the sustainability of AI spending by the
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
2
Report
Login to post
No comments yet