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Nvidia’s AI Dominance Under Scrutiny | Raleigh News
Nvidia’s stock is surging but lagging behind rivals like AMD, as Big Tech adjusts AI chip spending—Microsoft and Meta hold steady, Google boosts forecasts yet sees a stock dip ahead of Nvidia’s Q2 earnings. First-quarter results were stellar: $1.87 EPS and $8.16B revenue, driven by a 92% jump in data center sales. CEO Jensen Huang calls Nvidia the engine of AI’s biggest infrastructure boom. But caution signals persist: profits rely heavily on investments and just three major cloud clients. Still, analysts like Citi remain bullish, upping long-term EPS estimates and maintaining a $300 price…
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