Nvidia Stock Price May Not Be Dented By Cerebras IPO
SANTA CLARA, CA – MARCH 12: Cerebras CEO Andrew Feldman speaks to the media at the Colovore office … [+]
Nvidia’s is trading roughly 16% below its June 2024 high. Two possible reasons for the decline are slowing revenue growth and concerns that generative AI — the fuel driving demand for Nvidia GPUs — costs too much and delivers too little, according to the Boston Globe.
Another investor worry is competition for Nvidia’s 90% share of the AI chip market. One such rival is AI chipmaker Cerebras, which filed for an initial public offering September 30, according to CNBC.
Cerebras’ competitive advantage over Nvidia — a faster, less costly AI inferencing…
