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Nvidia (NVDA) Dips on AMD OpenAI Deal but Analysts Uphold Buy Ratings Ahead of Earnings

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The Story

News Summary

  • Nvidia shares dipped nearly 1.5% after AMD announced a large AI chip deal with OpenAI, intensifying competition.
  • Despite the setback, analysts remain bullish on Nvidia’s long-term growth prospects fueled by strong demand and partnerships in AI infrastructure.
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NVDA price history

212.17 +20.16% over the displayed period

Advisor Snapshot

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