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Gadgets: Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks

Started by dave, August 29, 2024, 01:01:14 PM

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dave

Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks

Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value. 

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