From Yahoo Finance:

Nvidia’s impressive growth is coming at the expense of other Big Tech companies, according to investors Jim Chanos and Larry McDonald. The chip maker’s revenue soared 126% to nearly $61 billion in the past year. Despite excited investors boosting Nvidia’s stock price, the company’s astronomical growth may be hurting its Big Tech rivals. Chanos highlighted that Nvidia’s success is due in part to expenses from other companies, while McDonald warned that Nvidia’s customers may reduce chip purchases in the future. The situation indicates a complex dynamic in the tech industry that could shift in the coming months.



Read more: Short-seller Jim Chanos warns Nvidia’s epic growth is cannibalizing Big Tech — as the chip titan’s value surges by $1 trillion in 4 months