Microsoft CEO Satya Nadella's words chill Nvidia's hot streak, stock takes a hit; here's what he said
Is Nadella pointing towards Nvidia's downfall?
Nadella's point was that the massive craze of AI GPUs have now begun to take a backseat, which would technically mean that Nvidia may now fall behind in term if its massive stock market growth. For starters, the chipmaking company has become one of the biggest backbones of the S&P 500 at the US stock market, and therefore, if Nadella's words indeed came true, it would technically mean that Nvidia's dream run may come to a halt, and the stock market could easily face a huge jolt because of this very reason.
Also Read: Who Did Lionel Messi Vote for in The Best FIFA Awards 2024? His Surprising Picks Revealed
Once Nadella's statement was reported, it spread like wildfire, and Nvidia's stock suffered a major hit this week, and there is no saying as to where things will go.
FAQs:
Is Nvidia's stock going to grow further?
Yes, after Nvidia's decision of introducing AI-reliant GPUs, it's stock has shot through the roof, and is now growing at a phenomenal pace.
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