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Alphabet (GOOGL) and Nvidia (NVDA) Back Cursor as AI Funding Soars Amid Nvidia Stake Sell-Off

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The Story

News Summary

  • Cursor's valuation nearly tripled to $29.3B after a $2.3B funding round led by Coatue, with Nvidia and Alphabet participating amidst strong AI sector investor demand and rising concerns about Nvidia's fundamentals.
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NVDA price history

211.67 +19.32% over the displayed period

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