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Nvidia (NVDA) Soars on Multiyear AI Chip Deal with Meta, Calms AI Disruption Fears

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • Nvidia shares rose 1.6% on a multiyear AI chip deal with Meta, easing fears of AI disruption and lifting tech stocks including Indian IT firms.
  • Analysts view the earlier tech selloff as an oversimplification of AI risks, expecting continued tech sector growth.
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META price history

665.60 +4.89% over the displayed period

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