💨 Abstract

Nvidia's Q1 report on Wednesday is a key event for AI stocks, potentially influencing the AI rally. The Magnificent Seven companies, including Nvidia, have seen significant growth from AI technology but have recently experienced a correction. Nvidia's stock value plummeted after China's DeepSeek launched low-cost AI models, raising concerns about demand for Nvidia's high-end chips.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖