Wall Street Turbulence: How Resilient is Nvidia?
Nvidia (NASDAQ: NVDA), along with many other growth stocks, had a rough start to the year. Investors worried about the war in Iran and potential weakness in the U.S. economy, and this hurt their appetite for stocks that generally require booming markets to thrive.
And another element made the situation even worse for companies in the artificial intelligence (AI) industry, such as Nvidia. Questions circulated about whether the AI revenue opportunity really was as massive as initially thought, especially considering the level of spending in this area. And seeing the high valuations of many AI stocks, some investors decided to sell and shift into other industries.
So, after leading stock market gains in recent years, AI stocks in the first quarter of this year actually led declines. All of these elements created significant turbulence.
Source Fool.com
