Nvidia Corp. ( NVDA, Financials) shares fell 1.78% on Friday, closing at $144.60 as of 11:55 am GMT-5. The fall followed a statement by Meta Platforms ( META, Financials) CEO Mark Zuckerberg on the major AI investment plan of the business.
If the stock is unable to hold that critical $130 price, a new phase of short-term trading patterns will begin, taking NVIDIA to a target price of $120. That would also form a short-term bearish pattern of lower highs and lower lows for NVIDIA stock.
CEO Mark Zuckerberg revealed plans to build a massive artificial intelligence data center stacked with GPUs in New York City, but Nvidia (NASDAQ:NVDA), which was the largest GPU supplier for Meta in 2024,
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
Tesla, Meta, Microsoft are near buy points with earnings due. Apple and many others are on tap too with the S&P 500 is at highs.
Meta is the latest company to be caught in copyright AI claims, as the company have been accused of using copyrighted data to train their AI model 'Llama'
Nvidia’s Blackwell shipment delays and lower capex forecasts weigh on growth. See why NVDA stock is an attractive buy at a 17% discount to its 5-year median.
When the curtain closed on 2024, investors were all smiles. The mature stock-driven Dow Jones Industrial Average, benchmark S&P 500, and growth-fueled Nasdaq Composite ended last year higher by 13%, 23%, and 29%, respectively.
GeForce NOW subscription tiers are currently listed as 'sold out' for a lot of gamers, pointing to capacity issues for NVIDIA's cloud gaming service.
Texas Instruments falls after the chip maker’s first-quarter earnings forecast misses estimates, Boeing declines after revealing it expects to post a wider fourth-quarter loss because of strikes at the aerospace giant,
US equities were poised to end the first week of Donald Trump’s second term higher, checked by the outlook for rates and earnings.