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NVIDIA’s New Artificial Intelligence Projects Failed to Impress Investors: Lost $73 Billion in Value in One Day

  • March 19, 2024
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One of the most important news stories of the day for the US stock markets is of course NVIDIA announced It was Blackwell, the new artificial intelligence products

NVIDIA’s New Artificial Intelligence Projects Failed to Impress Investors: Lost  Billion in Value in One Day

One of the most important news stories of the day for the US stock markets is of course NVIDIA announced It was Blackwell, the new artificial intelligence products and especially the new graphics processor unit. The tech giant’s announcements do not appear to have caused a major reaction among investors in the US stock markets.

Sector average in future trades on Dow Jones a decrease of 0.1% aforementioned. In the Nasdaq 100 index, the pace of this decline has reached 0.7%. NVIDIA stock differs negatively from the rest of the industry. Company shares, Today down about 3% lived. NVIDIA shares, which opened for morning trading at $884, are currently down 3.28%. from $855.83 is still traded.

NVIDIA’s announcement bombardment did not deliver what was desired

NVIDIA

NVIDIA shares have more than tripled in value over the past twelve months. With this increase, the company’s value reached $2.2 trillion. The current decline also affects the company’s market value. More than 73 billion dollars he dropped it.

According to industry experts, breakthroughs in artificial intelligence with new GPUs will have more noticeable effects on the real world. Again to Blakwell If interest rates are low, this transition may slow down and the company may therefore choose to slow down production. If demand is high, the company’s stock will naturally rise.

The US policy rates will also be announced tomorrow at 9:00 PM GMT. Interest rates are not expected to change.

Source: Web Tekno

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