Nvidia Reportedly Just Landed $35 Billion In Chip Orders From Chinese Companies. Here’s Why That Could Be Great News for the Stock
It has not been an easy couple of weeks for the artificial intelligence giant Nvidia (NASDAQ:NVDA), whose stock has fallen by over 9%.
AI concerns have been front and center, as Anthropic appears to be dragging its feet on its suspected initial public offering, and as investors fret about some of the balance sheets of debt-laden neoclouds.
Nvidia is still having a solid year, but the company has posted incredibly strong results in its first two quarterly reports and arguably hasn’t been rewarded as much as some investors would have expected.
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