Nvidia, AMD see worst plunge since 2020

[Daniel Puchert]

Nvidia and AMD hammered

The world’s largest technology companies got hammered as concern about tighter US restrictions on chip sales to China spurred a selloff in the industry that has led the bull market in stocks.

From the US to Europe and Asia, chipmakers came under heavy pressure. American powerhouses Nvidia, Advanced Micro Devices and Broadcom drove a closely watched semiconductor gauge down almost 7% — the biggest slide since 2020.

 

[Sapphiron]

Wait till they realize that AI is not the next big thing and will not be profitable with our current tech level. Disruptive yes, but not profitable.

It's just the new "big data" where a limited opportunity is overblown by the market addicted to infinite growth.