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Nvidia's Stock Decline Amidst AI Opportunities
2024-09-06 05:50:08
Stocks
Technology
Artificial Intelligence

Nvidia's Stock Decline Amidst AI Opportunities

Nvidia's recent 15% stock drop presents an attractive buying opportunity, according to BofA. Despite challenges like chip delays and regulatory scrutiny, Nvidia is viewed as undervalued with significant upside potential.

The company's strong position in AI, particularly with the upcoming Blackwell chip, signals promising growth. The DOJ's investigation and concerns over profit margins due to Blackwell's release impact investor sentiment.

As Nvidia navigates these hurdles, investors eye alternative AI-related stocks like Palantir, Tesla, and GE Vernova. Meanwhile, Intel faces uncertainty as rivals dominate the chip market, prompting strategic shifts and financial aid to regain competitiveness.

The tech industry closely watches Nvidia and Intel's contrasting paths amidst evolving AI landscapes.

Related news on that topic:

Qualcomm, Intel, and Apple in Competition for AI Laptops

Qualcomm unveils new Snapdragon-X-Plus processors for AI laptops under 1,000 euros, while Intel introduces the more powerful Core Ultra 200V. Apple, on the other hand, already uses its own chip systems in Macs. Microsoft's Copilot+ PC category initially used only Qualcomm chips, but will now expand to include Intel and AMD. Laptop manufacturers such as Acer, Asus, Dell, HP, Lenovo, and Samsung are expected to make product announcements using Qualcomm systems at the IFA. These new processors offer improved performance, efficiency, and long battery life. The competition between Qualcomm, Intel, and Apple highlights the advancements in chip technology and the importance of AI capabilities in laptops. Additionally, Microsoft's Surface devices and Acer's Swift AI laptops showcase the integration of these chips into the workplace and the claim of extended battery life.

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.

Read 12 more recent news on this topic

The press radar on this topic:

The Street
9. September 2024 um 16:04

Intel's future suddenly may be in doubt TheStreet Daily Newsletter

Technology
Economy
Finance
Once a tech titan, Intel now faces a crisis: plummeting stock, layoffs, suspended dividends. Competitors like Nvidia and TSMC dominate chip design and manufacturing. Intel's CEO aims to make it a top foundry, aided by $8.5B in grants and $11B in loans from the Biden Administration, and investments from Brookfield and Apollo. But progress is slow, and the company's AI chip Gaudi trails Nvidia's $20B quarterly sales. Intel's 56-year history is in jeopardy as it struggles to adapt, failing to rec..
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
5. September 2024 um 22:31

As Nvidia Stumbles, Watch These 3 Hot AI-Adjacent Stocks Instead | Investor's Business Daily

Technology
Finance
Environment
Nvidia's decline spurs search for new AI leaders. Palantir, a defense AI-adjacent play, has DoD contracts and proven AI value. Tesla, using Nvidia chips for self-driving and robotics, faces pressure to profit from AI. GE Vernova, a pure-play energy stock from GE's split, may benefit from AI's power demands. Caruso Insights' president sees parallels between AI infrastructure and the internet's evolution to value-add providers.
Yahoo Finance
6. September 2024 um 03:43

Nvidia's 15% stock slide has created a compelling buying opportunity, BofA says

Finance
Technology
Economy
Nvidia stock has fallen 15% since earnings, creating a buying opportunity. BofA sees Nvidia as undervalued at 27x 2025 earnings, with 54% upside to $165. Nvidia remains a key AI beneficiary despite near-term headwinds like chip delays and regulatory scrutiny. Demand for Nvidia's Hopper chips remains strong, and the DOJ issued a civil investigative demand, not a subpoena. Nvidia's upcoming Blackwell chip will offer 4x lift in AI training and 25x+ lift in inference. Real AI capabilities will be..
CW

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