From Barron's, November 5:
Nvidia stock was sliding early on Wednesday as market worries about the artificial-intelligence trade hit the chip maker, while hopes of resumed sales to China also look less likely.
Nvidia shares were down 1.3% at $196.11 in premarket trading after the stock fell 4% on Tuesday. AI-exposed companies in general were suffering losses, with futures tracking the S&P 500 down 0.2%.
There looks to be increased concern about valuations of companies exposed to the AI boom. Fellow chip company Advanced Micro Devices was sliding 5% in premarket trading following its earnings, despite its executives saying “demand for compute has never been greater” in a call with analysts.
“As for the most advanced [Nvidia] Blackwell chip, that’s not something we’re interested in selling to China at this time,” Leavitt said....
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