Tech’s Red-Hot Rally Is Leaving Nvidia Far Behind
Nvidia’s grip on the AI processor market is seen as increasingly under threat
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This earnings season has delivered plenty of good news for the artificial intelligence trade. But that’s not true for Nvidia shares.
The stock closed at a record high on April 27, but has fallen 9% over the past six sessions. Looking back further, its 5% gain this year makes it the worst performer in the Philadelphia semiconductor index, which has jumped 55%.