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Nvidia (NVDA) Slips as Meta Acquires Rivos, Pressuring AI Chip Demand

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The Story

News Summary

  • Nvidia shares dipped after Meta announced acquisition of AI chip startup Rivos to build custom silicon and reduce reliance on Nvidia, even as Meta keeps large Nvidia-based spending (a potential $14.2B CoreWeave deal) and analysts still project upside for Nvidia.
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NVDA price history

215.91 +22.27% over the displayed period

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