NVDA - Nvidia Stock Is Trading Lower Tuesday: What's Going On? | Benzinga
Nvidia Corp (NASDAQ:NVDA) shares are in the spotlight Tuesday as the stock moves lower ahead of Wednesday’s inflation data. New reports also suggest another mega-cap tech company is planning to produce AI chips in house. Here’s a look at what’s going on.
What To Know: Nvidia shares appear to be facing selling pressure Tuesday following reports that Alphabet Inc (NASDAQ:GOOG) is developing its own in-house chips to cut costs associated with AI development and reduce its reliance on outside vendors like Nvidia.
Alphabet’s new in-house chips, called Axion, are expected to be able to handle everything from YouTube advertising to big data analysis, and power the company's search ...