The biggest winner from Tesla and Alphabet earnings? Jim Cramer says it's Nvidia

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 65%
  • Publisher: 72%

NASDAQ Composite أخبار

S&P 500 Index,Tesla Inc,Elon Musk

Shares of Nvidia were sliding again Wednesday. But the leading AI chipmaker's business remains alive and well.

What we learned from Tesla and Alphabet earnings gave us reasons to remain upbeat about Nvidia shares despite another brutal tech sell-off . Nvidia was the "big winner" Tuesday evening, Jim Cramer said Wednesday on CNBC. The Club stock was down only 3% at the time of Jim's comments. But like the broader market, those declines accelerated. Nvidia closed down nearly 7%. Alphabet recovered some of its earlier losses and closed down 5%. Tesla lost more than 12%.

Nvidia, which is estimated to have at least 80% of the AI chip market, may cede some ground to its customers-turned-competitors. Other chipmakers, including Club name Advanced Micro Devices , are likely to see their slice of the pie get bigger, too. That's a more-than-fine scenario in an expanding market, especially considering Nvidia's efforts to bolster its software offerings to smooth out the inherent lumpiness of hardware sales.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Earnings playbook: Your guide to a busy week of earnings, including Alphabet and TeslaWall Street will get its first glimpse of Big Tech earnings this week.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

US stock futures dip after tech rebound; Alphabet, Tesla earnings loomUS stock futures dip after tech rebound; Alphabet, Tesla earnings loom
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »