Nvidia share price cracks 4% after AI chip giant beats Wall Street estimates in Q4: Should you buy the dip?
Nvidia‘s share price cracked four per cent on Thursday, February 27, after the Silicon Valley’s artificial intelligence (AI) chip manufacturing giant beat Wall Street estimates in its fourth-quarter earnings, signalling the AI boom is far from over. However, it failed to bring buyers back into the elite “Magnificent Seven” megacap group of stocks that have dipped in the last three months.
Nvidia’s stock initially rose after markets opened in New York on Thursday but fell as much as 4.6 per cent. The stock had been down 2.2 per cent year-to-date (YTD), following stratospheric gains in 2023 and 2024 that turned Nvidia into the world’s most valuable chipmaker. Nvidia shares have dipped this year due to concerns that data centre…
