Nvidia stock dropped 25% but major tech companies continue to heavily invest, keeping prospects strong.

From Nasdaq: 2024-08-08 06:07:00

Nvidia stock has dropped 25% and analysts are changing their recommendations. However, major tech giants like Amazon, Google, Microsoft, and Meta continue to invest heavily in AI infrastructure, which means increased sales for Nvidia’s GPUs. The delayed Blackwell chip shipment could be a temporary setback, but overall prospects for Nvidia remain strong.



Read more at Nasdaq: Why Is Nvidia Stock Still a Buy After Its Steep Sell-Off? Just Ask Amazon, Google, Microsoft, and Meta.