Nvidia stock rebounds 3% in extended trading after a 6% decline on Monday. Worries over a delay in the launch of Nvidia's upcoming artificial-intelligence chips may be exaggerated, analysts said, as they do not expect the setback to have a big impact on the chip giant's revenue or demand.
According to media reports, Nvidia's Blackwell chips may face delays of three months or more due to design flaws, potentially affecting customers such as Meta Platforms , Alphabet's Google and Microsoft .
Despite recent worries, "it remains clear that demand levels continue to rise, with all major hyperscalers continuing to grow their capex outlooks," Bernstein analyst Stacy Rasgon wrote in a note on Monday.
Shares of Tesla Inc. soared over 3% in after-hours trading on Monday, following CEO Elon Musk's highly anticipated announcement regarding the company's plans for a robotaxi service. The surge in stock price reflects investors' optimism about Tesla's ambitious foray into the autonomous ride-hailing market.
During the event, Musk unveiled a new vehicle designed specifically for the robotaxi service, which he claims will revolutionize the transportation industry. The sleek, futuristic design of the vehicle, coupled with Tesla's cutting-edge autonomous driving technology, has captured the imagination of investors and industry experts alike.
Apple shares rose 1.26% in after-hours trading after a 4.82% decline on Monday. Apple’s shift to AI is poised to soften blow from Google ruling.
Google’s defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple Inc., which generates roughly $20 billion a year in payments from the internet search giant.
For Apple, the move jeopardizes a revenue stream that has helped bolster sales in recent years. But the iPhone maker has already been moving away from its dependence on traditional internet searches. With Apple revamping its Siri digital assistant to handle queries more deftly — and integrating AI chatbots into its software — it’s betting that AI technology will eventually take over.
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