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Nvidia (NVDA) Dips on Oracle Earnings Miss and Rampant AI Capex Concerns

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The Story

News Summary

  • Oracle's earnings miss and increased capex forecast triggered a broad tech selloff, dragging Nvidia down 1.5%.
  • Despite the Fed's rate cut, investor doubts about AI spending and high valuations persist, creating downward pressure on Nvidia in the near term.
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NVDA price history

218.29 +19.87% over the displayed period

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