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Nvidia Faces Questions as Stock Slumps and Antitrust Probe ...
2024-09-04 13:29:08
Artificial Intelligence
Stocks
Tech

Nvidia Faces Questions as Stock Slumps and Antitrust Probe Escalates

Nvidia's stock slumps 13% post-earnings as investors question AI spending returns and the US Department of Justice launches an antitrust probe into the company's market dominance. Analysts warn of risks if AI adoption lags, while Nvidia CEO acknowledges the lack of 'killer' AI apps.

The company's recent acquisitions and delay in releasing new processors add to concerns. Despite the slump, Nvidia expects a 2024 gain of 118%.

Billionaires are selling Nvidia shares and investing in other AI-related stocks. Intel secures a major AI chip customer with a partnership with IBM.

The Edge AI Software Solutions market is set to grow at a CAGR of 37.02% through 2032, driven by IoT devices and the need for faster data processing.

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Read 13 more recent news on this topic

The press radar on this topic:

Yahoo Finance
4. September 2024 um 09:06

Move Over, Nvidia and Advanced Micro Devices: Billionaires Are Selling Them and Scooping Up Shares of 2 Artificial Intelligence (AI) Stock-Split Stocks Instead

Technology
Finance
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Billionaires are selling Nvidia and AMD shares, recognizing AI's massive addressable market but also the need for the technology to mature, while buying Broadcom for its AI networking solutions and Super Micro for its AI-enabled servers, as they see these companies as better positioned to navigate the AI landscape.
Yahoo Finance
4. September 2024 um 00:38

Nvidia drops to extend post-earning decline to 13% as questions linger around AI spending

Technology
Finance
Economy
Nvidia shares fell 13% post-earnings as investors question AI spending returns. JPMorgan's Cembalest praises Nvidia's results but warns of risks if AI adoption lags, referencing a "metaverse" outcome. Nvidia CEO Huang touts GPU cost savings, but notes lack of "killer" AI apps. Barclays estimates $100 billion in potential GPU revenues, but only $10 billion actual payments. Anthropic CEO says training single AI model will cost $100 billion by 2027. OpenAI could lose $5 billion in 2023, and tech..
The Street
6. September 2024 um 11:05

Nvidia stock extends $280 billion slump after DoJ probe report TheStreet Daily Newsletter

Finance
Technology
Economy
Nvidia shares plummet after DoJ antitrust probe; chipmaker faces allegations of restricting customer choice and penalizing switching. Nvidia's April RunAI acquisition also under investigation. Nvidia's key role in AI spending and delays in new Blackwell processors add to concerns. Blackwell ramp likely to impact Nvidia's profit margins. Wedbush analyst remains bullish, sees AI demand surge. Nvidia has lost $680 billion in value since June peak.
Yahoo Finance
4. September 2024 um 10:24

Intel Just Scored a Big AI Chip Customer

Technology
Economy
Finance
Intel's Gaudi 3 AI accelerator, though powerful and cost-effective, has struggled to gain traction, with Intel expecting just $500 million in revenue from it in 2024. However, a new collaboration with IBM will put the Gaudi 3 chips in IBM's cloud data centers and integrate them with the Watsonx AI platform, as IBM seeks to lower costs for enterprise customers in the growing generative AI market. This partnership is a much-needed piece of good news for Intel, which is going through a rough patch,..
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