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Additionally, management's tone remained confident. Nvidia CEO Jensen Huang emphasized in the company's fiscal third-quarter update that sales of its Blackwell GPUs were "off the charts," and it noted that its cloud GPUs were completely sold out.
Hedge fund billionaire Peter Thiel sold his entire stake in Nvidia and started a position in Microsoft during the third quarter.
Nvidia blew past high expectations when it reported quarterly results last week. Its stock is getting hit anyway.
Is there a more promising option? It appears that its counterpart, NVIDIA, offers you more. NVIDIA (NASDAQ: NVDA) stock
Nvidia stock jumps 2.5% as traders weigh whether a bigger Wall Street shift is underway, with analysts split on the stock’s next move.
1don MSN
Nvidia stock drops after report of Meta considering multi-billion-dollar deal for Google AI chips
Meta considers Google AI chips, challenging Nvidia’s dominance. Discover how this shift could impact NVDA, GOOG, and AMD stock trends.
Nvidia is currently valued at $4.3 trillion – having briefly reached about $5 trillion earlier this year – yet the H100, H200, and Blackwell
The point being that while demand for Blackwell is "off the charts," this only tells part of the story. Demand for Nvidia's hardware is robust among a very narrow group of OEMs, which leaves Nvidia exposed if one or more of its top customers encounter a problem.
Nvidia stock fell on Tuesday after The Information reported that Meta is considering using chips designed by Google.
A report that Alphabet is picking up efforts to compete with Nvidia in offering artificial-intelligence chips is the latest tailwind for the Google parent’s stock. Google is talking to Meta Platforms and others about using its AI chips,
Nvidia (NASDAQ: NVDA) is now the most valuable company in the world. But investors aren't as interested in the past as they are about the future. Where will Nvidia shares head over the next 12 months? Let's check the latest predictions from Wall Street's highly paid analysts.