Nvidia shares hit by report on new AI chip competition. How worried should investors be?

Nvidia shares hit by report on new AI chip competition. How worried should investors be?

Competition for Nvidia’s crown in the artificial intelligence is ramping up, but analysts aren’t too worried — for now. Nvidia has been battered this month, losing more than 13%, as investors grow weary of elevated tech valuations. If that loss stands, it would mark the stock’s biggest monthly pullback since September 2022, when it plunged…

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