Brian Colello at Morningstar maintained his target price of $130 per share on Nvidia stock following the DeepSeek news. "We doubt the leading cloud vendors and AI builders will pause their plans," he wrote in a note to clients. "We still think tech firms will continue to buy all the GPUs they can as part this AI gold rush."
Shares of Nvidia ( NVDA -5.29%) were sinking Wednesday. The company's stock fell 6.2% as of 2:20 p.m. ET, but lost as much as 6.9% earlier in the day. The move comes as the S&P 500 ( ^GSPC -0.39%) and Nasdaq Composite ( ^IXIC -0.54%) lost 0.8% and 1.1%, respectively.
Retail investors bought a net $562 million of Nvidia stock on Monday, the largest single-day inflow in at least 10 years, VandaTrack said.
Meta Platforms and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies, but drops for Nvidia and Microsoft are keeping the market in check.
Nvidia is launching its next-gen RTX 5090 and RTX 5080 GPUs today, but it’s also releasing an exciting update for existing RTX GPU owners. A new GPU driver (572.16) allows you to force DLSS 4 inside games or apps that don’t currently support it, providing improved image quality and even less VRAM usage in some cases.
The line between dividend stocks and non-dividend tech stocks is now blurrier than ever, as 71% of the Magnificent 7 now pay dividends.
Maingear unveiled its custom-configurable Nvidia GeForce RTX 50 Series gaming desktops, featuring the RTX 5080 and RTX 5090 GPUs.
B AI model on its wafer-scale processor, delivering 57x faster speeds than GPU solutions and challenging Nvidia's AI chip dominance with U.S.-based inference processing.
Tesla’s fourth-quarter adjusted earnings miss analysts’ estimates but the stock rises on optimism over the electric-vehicle maker’s growth projections, Microsoft’s Azure growth misses estimates, and Meta’s fourth-quarter profit handily tops forecasts.
Nvidia's GeForce RTX 5080 graphics card outruns its like-priced competitors and predecessors in many popular games. Its potent AI hardware and cutting-edge AI features, as they gain support, will only improve this card's standing.
The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.
Chinese startup DeepSeek’s launch of its latest AI models triggered a selloff in global tech stocks this week on concerns about rising AI costs in the US.