Nvidia Faces 10% Stock Plunge Amid AI Market Reshuffle Ahead of Big Tech Earnings

April 21, 2024
Nvidia Faces 10% Stock Plunge Amid AI Market Reshuffle Ahead of Big Tech Earnings
  • Nvidia experienced a 10 percent stock value decline amidst a broader AI stock market sell-off.

  • Investors are repositioning ahead of major tech earnings reports and have concerns about stock splits at Nvidia and Super Micro Computer.

  • The AI industry still demonstrates growth potential, and current downturns may offer investment opportunities.

  • Some experts view the decline as an early stage in the AI market, suggesting the bubble has not burst.

  • Nvidia's stock drop is partly due to major clients creating their own AI chips, challenging Nvidia's business model.

  • Nvidia remains the third-most valuable US firm, with optimistic future performance projections and price targets of $1,150 and $1,160.

  • Nvidia's CEO has announced the advent of the 'super chip' era with new AI chip generations, affirming the company's AI leadership.

  • Investors should watch for Supermicro's Q3 earnings report due April 30 for further market insights.

Summary based on 17 sources


Get a daily email with more Tech stories

Sources

Why Super Micro Computer Stock Just Crashed 17%


The Globe and Mail

The Globe and Mail • Apr 19, 2024

The Globe and Mail

Why Nvidia Stock Plunged 10% Today

The Globe and Mail • Apr 19, 2024

Why Nvidia Stock Plunged 10% Today

More Stories