JPMorgan: These 3 ‘Strong Buy’ Stocks Could Soar at Least 50%
Motley Fool
Why Nvidia Stock Dropped This Morning
Shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) — a supplier of chips for everything from playing video games to mining cryptocurrency, to performing artificial intelligence tasks — slipped 2% as of 11:05 a.m. EDT Monday in response to rumors that rival chipmaker Intel (NASDAQ: INTC) could be mounting a challenge to Nvidia’s dominance in graphic cards. As TechRadar reported this morning, a “leaked slide” from a presentation apparently authored by Intel describes the latter’s plans to release “a new Intel Arc Alchemist GPU … lining up in performance terms with [Nvidia’s] RTX 3070” graphics processor — and potentially at a lower price. Nvidia describes its GeForce RTX 3070 family as “the ultimate play” in graphics processors, suitable for “the most demanding games” — and priced starting at $499.
