Nvidia's Stock Plummets 6.2% After New AI Chip Launch, Yet Outlook Remains Bright
Nvidia's stock fell over 6% on Tuesday, a decline that occurred the day after the company announced its next-generation AI chips, following a record high in stock price. This drop is partly attributed to a broader sell-off of tech stocks due to soaring U.S. Treasury yields. Nevertheless, Nvidia continues to be recognized as the strongest performer among the so-called 'Super Seven Giants', with a stock price increase of 185% over the past year and more than 900% over the past two years. As artificial intelligence continues to thrive, Nvidia has become the biggest beneficiary.
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