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End of the AI trade? Why Nvidia stock slipped even after stellar earnings

Nvidia's stock slipped despite stellar earnings, causing a broad US equity rally to unravel. Investors reassessed AI valuations and potential Fed rate cuts. Nvidia's stock turned negative, impacting major indices. Deutsche Bank maintained a neutral stance due to valuation concerns. Nvidia's China business faced challenges due to US trade restrictions, affecting sales. The news highlights investor caution and geopolitical issues impacting Nvidia's stock.

Invezz·
US
NVDA
-2.48%
US
NVDL
-5.26%
HK
07788
+17.27%
Invezz·
US
NVDA
-2.48%
US
NVDL
-5.26%
HK
07788
+17.27%

Meta Hit With $552 Million Fine In Spain Over Ad Practices

Meta Platforms has been fined $552 million by a Madrid court for unfairly using personal data to dominate Spain's online ad market, violating EU GDPR and Spain's antitrust laws. Meta plans to appeal, calling the ruling baseless. This comes amid a government investigation into Meta's privacy practices, signaling Spain's tougher stance on data handling by tech giants.

GuruFocus·
US
META
-0.80%
GuruFocus·
US
META
-0.80%

Don’t Be Fooled by Nvidia’s Earnings – Why It’s Still a “Sell”

Nvidia reported strong earnings and revenue, beating expectations. Despite this, the author advises selling Nvidia stock, citing concerns over high investments in AI, falling margins, and increasing competition from other tech giants developing their own AI chips. Notable investors like Peter Thiel and Michael Burry have also sold or shorted Nvidia. The author suggests that Nvidia's profit growth may be stifled and recommends keeping it out of portfolios.

InvestorPlace·
US
NVDA
-2.48%
US
NVDL
-5.26%
HK
07788
+17.27%
InvestorPlace·
US
NVDA
-2.48%
US
NVDL
-5.26%
HK
07788
+17.27%

U.S. approves Nvidia chip exports to Armenia for a supercomputer project by AI startup Firebird

The U.S. government has approved Nvidia to export chips to Armenia for a supercomputer project by AI startup Firebird. This move is part of a broader U.S. strategy to use AI technology for diplomatic influence, approved by the Trump administration. Additionally, Trump signed a peace agreement with Armenia and Azerbaijan, granting the U.S. rights to develop a transit corridor in Armenia, enhancing U.S. access to Central Asia's resources.

Cryptopolitan·
US
NVDA
-2.48%
US
NVDL
-5.26%
HK
07788
+17.27%
Cryptopolitan·
US
NVDA
-2.48%
US
NVDL
-5.26%
HK
07788
+17.27%

What happened with the UPS cargo jet that crashed? Initial report provides some answers.

The NTSB report on the UPS cargo jet crash in Kentucky reveals 'fatigue cracks' in the left pylon, leading to engine separation and a fatal crash. The incident resulted in 14 deaths and 23 injuries. Boeing and GE Aerospace stocks fell following the report, as the plane was equipped with GE engines and Boeing had merged with its maker. The investigation includes Boeing, GE Aerospace, UPS, FAA, and unions.

Dow Jones·
US
UPS
-1.16%
US
BA
-3.49%
US
GE
-2.91%
Dow Jones·
US
UPS
-1.16%
US
BA
-3.49%
US
GE
-2.91%