What's Going On With NVIDIA Stock Today?
Portfolio Pulse from Ryan Gustafson
NVIDIA Corporation (NASDAQ:NVDA) shares are trading lower on Monday, possibly due to profit taking after the recent surge related to AI optimism. Last month, NVIDIA reported better-than-expected financial results and issued a strong outlook, driven by huge demand for the company's AI chips, particularly in powering large language models like Microsoft-backed ChatGPT.
June 26, 2023 | 6:34 pm
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NVIDIA shares are trading lower on Monday, possibly due to profit taking after the recent surge related to AI optimism. The company's AI chips, particularly in powering large language models like ChatGPT, continue to see strong demand.
NVIDIA shares are trading lower on Monday, which may be due to profit taking after the recent surge related to AI optimism. The company's AI chips, particularly in powering large language models like ChatGPT, continue to see strong demand, which indicates that the pullback may be temporary. However, in the short term, the stock price is likely to go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100