Nvidia Stock Trails Chip Sector as AI Spending Reaches New Highs

TLDR Nvidia stock fell 1.8% to $207.11 during early Monday trading. The shares declined despite Meta expanding its Louisiana data center spending beyond $50 billion. Nvidia gained 12% this year, while the PHLX Semiconductor Index advanced 75%. Wall Street analysts maintain an average Nvidia price target of $313.39. Mizuho expects Nvidia to benefit from $1.2 [...]

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