Nvidia Stock Is Struggling to Recover from OpenAI Panic. How AMD, Broadcom Are Trading. -- Barrons.com

Dow Jones04-29 17:35

By Adam Clark

Nvidia stock was stuttering on Wednesday as Investors held off buying into the chip maker following concerns about artificial-intelligence growth and ahead of earnings from four Big Tech titans.

The shares were down 0.1% at $213.01 in premarket trading. Among other chip stocks, Advanced Micro Devices was rising 0.5% and Broadcom was gaining 0.3%.

All three of the chip companies fell Tuesday after The Wall Street Journal reported that ChatGPT-developer OpenAI had missed internal revenue and user targets, sparking worries about AI investment. However, OpenAI told Barron's the business was "firing on all cylinders."

Now the focus will turn to earnings, with Google-parent Alphabet, Amazon.com, Microsoft, and Meta Platforms all scheduled to report Wednesday. Chip company shareholders will hope for raised capital-expenditure forecasts to restore confidence that AI spending is set to continue.

Write to Adam Clark at adam.clark@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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April 29, 2026 05:35 ET (09:35 GMT)

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