When AI bots are less optimistic of the stock of their chipmaker Nvidia
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The blistering rate of Nvidia’s gains has many Wall Street analysts wondering how sustainable this run is.
PHOTO: REUTERS
Jeff Sommer
It’s not a household name quite yet, but anyone who follows the stock market knows at least a little about Nvidia.
The company is the wonder of the year, a stock by which all others are measured. Nvidia designs the chips that make artificial intelligence (AI) work, and because AI is being hailed as the most important technological development since the Internet, Nvidia shares have been rocketing since last year.