💨 Abstract

Nvidia's earnings report on Wednesday is seen as a key indicator for AI chip demand. AI stocks, including Nvidia, Microsoft, and Tesla, have experienced significant growth in the past few years, despite concerns about high valuations. However, these stocks have recently declined, with Tesla dropping 25%, while the S&P 500 outperformed. The stocks have been further shaken by reports of Microsoft scrapping some data center leases.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖