Nvidia (NVDA) shares have retreated from its record high. The sell-off was triggered by the surprise rout in chip player ASML (ASML), which shocked investors this week by offering a weak outlook. The company cited softening demand for non-AI applications. But drilling deeper, all indications are that demand for Nvidia’s new Blackwell chip remains very robust. So is the sell-off overdone in the market’s most popular stock? On today's Opening Bid Market Minute, host Brian Sozzi explores why this sector-wide sell-off might not accurately reflect Nvidia's robust fundamentals. Read More...
Nvidia (NVDA) shares have retreated from its record high. The sell-off was triggered by the surprise rout in chip player ASML (ASML), which shocked investors this week by offering a weak outlook. The company cited softening demand for non-AI applications. But drilling deeper, all indications are that demand for Nvidia’s new Blackwell chip remains very robust. So is the sell-off overdone in the market’s most popular stock?
On today’s Opening Bid Market Minute, host Brian Sozzi explores why this sector-wide sell-off might not accurately reflect Nvidia’s robust fundamentals.
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