Why Nvidia Stock Slumped Today
As of 11:30 a.m. EST, shares of the artificial intelligence and graphics semiconductors specialist had slumped 2.2% — but that’s not to say that the news was bad. As investor attention turns to Meta Platforms’ (NASDAQ: FB) promise to create the first metaverse, Huang gave a presentation that had one analyst exclaiming, “Nvidia is so, so far ahead of any chip company in virtual world dynamic it’s not even close,” reported Investors.com yesterday. Walking investors through the future of AI and virtual reality, Huang seemed to promise investors an omniverse to trump Mark Zuckerberg’s metaverse.
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