Nvidia (NVDA) stock slumps despite Q3 earnings beat

Nvidia (NVDA) stock slumps despite Q3 earnings beat

POLAND – 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Nvidia shares dropped in U.S. premarket trading Thursday after the tech giant’s third-quarter earnings failed to impress investors. Shares of the…

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These 2 'undervalued' chip stocks have 70% upside, says Morningstar

These 2 ‘undervalued’ chip stocks have 70% upside, says Morningstar

Morningstar has urged investors to shift their focus away from the much-hyped AI chip sector. Instead, the equity research firm highlighted four traditional semiconductor makers it considers undervalued, with two picks potentially offering more than 70% upside. Morningstar’s note comes amid a surge in demand for AI accelerators, particularly Nvidia ‘s graphics processing units (GPUs)….

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