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Larry Ramer

NVDA Stock Alert: The Prices of Nvidia’s Chips Could Drop for Some Time Amid Intensifying Competition

Nvidia NVDA Alphabet Amazon Uber

The prices for Nvidia's (NVDA) B200 AI chips, which were released in the second quarter of 2024, tumbled from $6.11 per hour on May 30 to $4.22 “by June 21." The steep decline suggests that Nvidia's rising competition is depressing the overall value of its chips. If that is the case and the trend continues, the tech giant's growth could significantly slow in the short-to-medium term, potentially causing NVDA stock to underperform the Nasdaq exchange during that period.

Providing some backing for the latter thesis, many individuals on Kalshi, a predictions website, apparently expect the trend to continue in the very short term.

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