Nvidia-Led AI-Stock Rally Was Got Right By TikTok Finfluencers — Report Shows 64% Accuracy In Predictions But Question Marks Around Reliability Remain Intact
Former Google leader cheers for nvidia: AI dominance is unshakable!
Google's former CEO Eric Schmidt said that large tech companies are planning to invest more and more in Nvidia-based datacenters for artificial intelligence, with construction costs possibly reaching up to 300 billion US dollars. Nvidia is not the only winner in the field of artificial intelligence, but there aren't many other obvious choices. Competitors will find it difficult to catch up with Nvidia.
Nvidia AI Dominance Challenged By Asian Startups Betting On Energy-Efficient And Cost-Effective Silicon — 'Inference' And 'Training' Chips Emerge As Key Focus
Nvidia's "belief differentiation": before the big drop, Citadel and DE Shaw cut their holdings, while Renaissance increased its holdings.
"High-stakes gambling" is happening, and there is a huge difference in the market's valuation and development potential for Nvidia. Citadel sold about 0.5 million shares of Nvidia stock in the second quarter of this year, while Elliott Management warned that Nvidia is in a bubble and AI is being overly hyped. Yet others are still enthusiastically buying in.
Top 5 Trending Stocks Of The Day: Amazon, AST Spacemobile, Cingulate, Applied Materials, And Tesla
During the August sell-off, 'enthusiastic' retail investors bought technology stocks on the dip.
Due to the significant drop in the stock market in early August, retail investors held a positive view and saw a buying opportunity. This once again proves the phenomenon of buying on dips.