Stocks

“Nvidia’s $4 Trillion Stock Rally Faces More Threats Than Ever”

“…Nvidia Corp. shares are down about 8% since hitting a record on Oct. 29, well underperforming the S&P 500 Index, as investors grow concerned about the sustainability of artificial intelligence spending and the chip giant’s grip on the market…

Meanwhile, the dominant AI chipmaker is facing more competition than ever before from rivals like Advanced Micro Devices Inc., as well as its biggest clients, including Alphabet Inc. and Amazon.com Inc. And Wall Street is growing increasingly worried about Nvidia’s investments in many of its customers, which could be seen as artificially propping up demand…”

https://finance.yahoo.com/news/nvidia-4-trillion-stock-rally-104747765.html

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