NVIDIA shares are trading lower amid a pullback in the tech sector following Feb. PPI data. There has also been social media circulation of a Mar. 11 AI benchmark blog post comparing the company's H100 to Intel's Gaudi 2.
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares are trading lower due to a pullback in the tech sector following the release of February's Producer Price Index (PPI) data. Additionally, a blog post from March 11 comparing NVIDIA's H100 to Intel's Gaudi 2 has been circulating on social media, potentially influencing investor sentiment.
March 14, 2024 | 4:38 pm
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NEGATIVE IMPACT
NVIDIA's stock is experiencing a downturn influenced by the broader tech sector's reaction to the PPI data and a comparative AI benchmark blog post.
The decline in NVIDIA's stock price is directly tied to the tech sector's overall performance post-PPI data release and the potential impact of a comparative blog post on investor perception of NVIDIA's H100 versus Intel's Gaudi 2.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90