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Nvidia Faces a Short-Term Downturn: Dell's Strong Orders Fail to Stop the Stock Price From Falling, Can Huang Renxun's "Backup Plan" Restore Confidence?
Dell Technologies delivered a remarkable performance this week – quarterly AI orders reached $24.4 billion, with Nvidia-based servers being the dominant force. Logically, this should be a shot in the arm for the chip giant, but Nvidia's stock price continued its downward trend on Friday, closing at €181.34, a daily drop of 1.45% and a weekly decline of nearly 2.2%. It has now fallen almost 10% from its 52-week high of €201.05. The RSI indicator …
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Dell Technologies delivered a remarkable performance this week – quarterly AI orders reached $24.4 billion, with Nvidia-based servers being the dominant force. Logically, this should be a shot in the arm for the chip giant, but Nvidia's stock price continued its downward trend on Friday, closing at €181.34, a daily drop of 1.45% and a weekly decline of nearly 2.2%. It has now fallen almost 10% from its 52-week high of €201.05. The RSI indicator …