Posted 3/19/2024, 6:16:39 PM
Nvidia Unveils World's Most Powerful AI Chip; AI Stocks Drop Despite Long-Term Potential
- Nvidia unveiled Blackwell, its next-gen AI chip, claiming it as the "world's most powerful chip" for AI
- The Blackwell announcement caused AI stocks like AMD, Arm, and Super Micro Computer to sell off, likely a "sell the news" reaction
- Super Micro announced a secondary offering, diluting shares by 3.5%, which also contributed to its share price drop
- Nvidia continues to widen its lead over rivals like AMD in the AI chip space
- Despite the sell-off, analysts see strong long-term potential for AI stocks as adoption is still in early phases