Nvidia's stock chart now shows that the stunning uptrend investors have enjoyed this year amid all the artificial-intelligence hype may have ended.
Nvidia Corp.’s stock chart now shows that the stunning uptrend investors in the semiconductor maker have enjoyed this year amid all the artificial-intelligence hype may have ended.
But as history suggests, after a long uptrend, rather than a new downtrend, investors may have to endure some whipsaw action within a relatively static trading range over the next several months before the uptrend resumes. But perhaps more important for chart followers, the stock closed below the widely followed 50-day moving average for the first time since Jan. 6, 2023. The 50-DMA had extended to $429.03 on Wednesday.
The record stretch above the 50-DMA was 255 sessions, a streak that ended on Feb. 23, 2017, while the second-longest stretch of 143 sessions ended on Oct. 28, 2020.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia's stock slips on introduction of new AI data-center CPU+GPU chipNvidia Corp. responds to rival AMD's lead AI data-center product with the introduction of a new CPU+GPU chip, causing a slip in Nvidia's stock.
Read more »
Nvidia Drops New AI Chip Expected to Cut Development CostsNvidia, a leading semiconductor chip developer, unveils its latest chip designed for high-level AI systems, aiming to significantly reduce development costs.
Read more »
Nvidia Reveals New AI Chip, Expects Significant Drop in LLM Running CostsNvidia announced the GH200, a new AI chip designed for data centers, which combines a powerful GPU with advanced memory and a central processor. The company expects the chip to significantly reduce the costs of running AI models.
Read more »
Nvidia Workbench: Making AI Model Training Accessible to EveryoneNvidia has introduced AI Workbench, a platform that simplifies the process of creating generative AI models. This workspace enables developers to develop and deploy these models on different Nvidia AI platforms, such as PCs and workstations.
Read more »
Nvidia Unveils More Powerful AI Chip Coming Next YearNvidia announces the GH200, a new AI chip that will be even faster than its predecessor. The GH200 will have three times the memory capacity of the popular H100 GPU.
Read more »
Nvidia Investors Concerned about Supermicro's AI Chip Supply ConstraintsInvestors of Nvidia are worried due to the announcement made by executives of Supermicro, a computer and server maker in Silicon Valley, stating that they require more AI chips from Nvidia.
Read more »