Nvidia Stock Price Plummets: Analyst Note on AI Spending and Market Response
Tuesday, 3 September 2024, 09:38
Nvidia's Stock Market Performance
Nvidia shares dropped as much as 8% on Monday, extending their post-earnings decline to 13% as investor questions linger around the return on investment from huge artificial intelligence spending by companies.
AI Spending and Market Reactions
According to JPMorgan's Chairman of Market and Investment Strategy, Michael Cembalest, Nvidia's second-quarter earnings results were extraordinary. However, the ongoing fears about the efficiency of ai stocks and their impact on the stock market create a challenging environment for investors.
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