Nvidia shares dipped after FuriosaAI announced LG as its first major customer. FuriosaAI, based in Seoul, aims to rival NVDA in performance, efficiency, and cost. Despite the drop, Nvidia stock is up 95% from its year-to-date low. LG will use FuriosaAI’s advanced chip “RNGD” for large-language models, posing competition to Nvidia’s GPUs. The chip offers better performance per watt and lower cost. Investors are advised to hold onto Nvidia stock as it remains a top pick heading into the earnings report. Analysts expect revenue and EPS growth to drive further upside. Wall Street firms view Nvidia as a core holding for 2025, with a consensus “strong buy” rating and a mean target of $183, representing 8% potential upside.

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