Nvidia 's share price has been volatile over the last month amid some concerns over future demand for AI chips, and the pace at which artificial intelligence will become widely adopted. The stock has more than doubled this year as the company logged high double-digit net profit growth in the first two quarters of this year, but its shares fell 13% over three trading days last month, before bouncing back.
line Large cloud computing firms, such as Microsoft , Amazon and Google , have bought billions of dollars worth of AI chips from Nvidia over the past two years. Investors now want to know whether these Big Tech giants will be able to make a return on their investment — a precursor for further spending on AI chips. "There's still questions about demand.
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Nvidia outperforms Apple by 25x, ahead of 10-to-1 stock splitNvidia's stock has outperformed Apple by 25x since the start of 2024, driven by high demand for AI chips. As Nvidia prepares for its 10-to-1 stock split, the market anticipates potential volatility.
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