Nvidia stock tanked more than 7% on Tuesday as investors rotated out of tech.
The AI chip maker was the worst performer among the "Magnificent 7" stocks, falling to its lowest level since mid-August.
Nvidia is expected to ramp up production of its next generation chip Blackwell in the fourth quarter of this year, which could send the stock higher, said Rasgon. 18 March 2024, USA, San Jose: Jensen Huang, head of the chip company Nvidia, presents the new AI chip Blackwell at the company's own developer conference GTC. The chip company Nvidia wants to expand its leading role in technology for artificial intelligence applications with a new generation of its computer platform.
Up until last week, Nvidia had led the recent rebound in stocks, climbing nearly 25% in a span of three weeks following a global market sell-off.Fantasy Football Rankings Week 1: Flex BOVINA, Miss. — The seven people killed in a weekend bus crash in Mississippi were all from Mexico, the Mississippi Highway Patrol said Tuesday as it released their names and ages.
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