Nvidia Stock Has Dropped 5% Since Its Peak. These 2 Chip Stocks Have Done Worse. - Barron's
Barrons • 593 days
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July 04, 2024, 6:05 am EDT Nvidia stock has dropped back since its recent record high. Other chip st...
Original sourceAI Summary
NVDA stock drops from record high despite AI boom. Chip stocks like MU and QCOM also facing skepticism. NVDA trades at 42x P/E ratio, more expensive than peers.
Market-Moving
- NVDA stock drops from record high despite AI boom.
- Chip stocks like MU and QCOM also facing skepticism.
- NVDA trades at 42x P/E ratio, more expensive than peers.
Key Facts
- NVDA stock drops from record high despite AI boom.
- Chip stocks like MU and QCOM also facing skepticism.
- NVDA trades at 42x P/E ratio, more expensive than peers.