Wall Street, Palantir Technologies and NVIDIA
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However, Huang's extensive lobbying paid off. Nvidia agreed to a 15% revenue-sharing agreement with the U.S. government, which allowed the company to resume sales of the H20 chip to China. While the deal could weigh on Nvidia's margins, it marks the continuation of a potentially lucrative opportunity, but there's more good news.
When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.
Nvidia (NASDAQ: NVDA) shares fell 3.5% on Tuesday, closing at $175.64, as tech stocks broadly pulled back following a recent rally. The chipmaker traded 183 million shares, just above its three-month average of 181 million, signaling a cooling of momentum after reaching record highs earlier this month.
Nvidia Corporation's AI accelerator sales in China resume, but risks include overvaluation and reliance on clients testing own solutions. Click for our NVDA update.
Should you Buy Or Fear Nvidia stock? For event-driven traders, historical trends might provide an advantage, whether by positioning prior to earnings or responding to post-release movements. That said,
Nvidia's stock price slipped Thursday, but a wave of analyst upgrades highlights confidence in its AI growth prospects.
Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?
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Investor's Business Daily on MSNStock Market Today: Dow Weighed Down By Walmart; Palantir Seeks To End Losing Streak As Nvidia Wobbles (Live Coverage)
The Dow Jones index dropped Thursday after surprise initial jobless claims. Walmart falls as Palantir seeks direction.
Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter.