Nvidia Soars While Tesla Struggles to Start 2023
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Nvidia stock has soared 85% in 2023, fueled by AI and data center dominance, while Tesla stock has struggled, down 20% amid production issues.
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Nvidia is benefiting from generative AI adoption, leading the data center market, product innovation, and stellar financials.
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Tesla faces production setbacks, leadership uncertainty, tempered outlooks, analyst downgrades, reduced delivery forecasts, and profit estimate cuts.
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Nvidia's continued AI and data center focus could drive more growth, while Tesla must fix production and capitalize on EVs.
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Among the Magnificent 7 tech stocks, Nvidia is leading while Tesla is lagging to start 2023.