RE: SCGL. So undervalued !8 Mar 2025 12:13
AI well maybe the hottest sector but with more companies joining the AI stampede the competition seems to be impacting negatively on Nvidia.
"Nvidia (NVDA) stock fell 5.7% Thursday, leading other chipmakers down as fears over AI demand continued to weigh on the sector.
The drop puts Nvidia shares down nearly 18% year to date, with the AI chipmaking giant seeing its worst monthly performance in February since June 2022.
"It’s been a rough year for NVDA so far. ... The stock (along with many of its AI-semi peers) has suffered, battered by a storm of growth fears, supply chain noise, and tariff and regulatory risks," Bernstein analyst Stacy Rasgon wrote in a note to investors earlier this week.
"Sentiment has clearly pivoted for now on the AI group."