Nvidia dominates AI chip market with 2680% growth in last 5 years

From Investing.com: 2024-11-22 05:20:00

Nvidia continues to dominate the AI chip market, with a staggering 2680% growth in the last five years. Despite strong earnings and revenue growth, post-earnings trading in Nvidia shares was lackluster. The market is closely watching Nvidia’s ability to maintain market share and high margins. The Nasdaq is holding support at the 20-DMA, with a potential rally to recent highs looming. Oil prices are teetering on a critical level, with the potential for a significant decline if $66 support is broken. Bitcoin’s price may also be on thin ice as liquidity drops.



Read more at Investing.com: AI Is Steaming to Nvidia’s Benefit