CNBC's "Fast Money" Nvidia’s Bounces Back… And GM Staying Plugged In 10/8/24
Oct 8, 2024
John Rutledge, Chief Investment Strategist at Safinad, breaks down Nvidia’s impressive stock rebound and its status in the AI market. Phil LeBeau provides insights into General Motors’ aggressive electric vehicle production goals and their recent profitability forecasts. Contessa Brewer reports from the Global Gaming Expo, touching on industry trends and innovations. Together, they explore the broader market implications and the challenges posed by economic shifts and geopolitical tensions.
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Nvidia's Comeback
- Nvidia's stock is rebounding after a significant drop, approaching its previous record high.
- Positive comments about strong demand for the Blackwell chip are contributing to this resurgence.
Nvidia's Advantage in AI
- Jensen Huang, Nvidia's CEO, is known for his skill in managing the company's stock.
- The influx of investment into AI benefits Nvidia as the primary chip supplier in the field.
Nvidia's Stock Fluctuations
- On June 20th, Nvidia's stock reached a record high, followed by a significant drop.
- The stock experienced a similar pattern on March 8th, reaching an all-time high and then dropping by 35%.