Nvidia Slides After Unveiling Leaves Investors Wanting More
- Chipmaker’s CEO pitches tools for accelerating AI adoption
- Nvidia updates its lineup in bid to spread AI to cars, robots
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Nvidia Corp. shares slid on Tuesday after a wide-ranging product presentation by Chief Executive Officer Jensen Huang failed to propel the artificial intelligence chipmaker to new heights.
The stock fell 6.2% to $140.14 in New York, marking the biggest single-day decline in four months. Though the Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought. “Nvidia’s announcements today are significant, but long-tailed,” Stifel Financial Corp. said in a report.