The brutal selloff in AI-chip stock Nvidia offers investors an attractive entry point, Goldman Sachs argued on Monday.
Founder and CEO Jensen Huang has seen his company lose 17% of its market cap since issuing muted third-quarter guidance that sparked concerns its rapid earnings growth may not be sustainable. Only a handful of companies are currently fueling its booming AI chip business, with just four customers constituting nearly half of all Nvidia’s revenue.
