12/17

NVDS Rises 2.21% Amid Mixed Sentiment on NVIDIA's Competitive Position

Investor sentiment and market speculation are currently influencing NVIDIA's stock movement, despite the absence of significant news. Discussions on platforms like Reddit reveal concerns about NVIDIA's competitive position, as companies such as Apple and Amazon shift towards custom and Trainium chips, potentially impacting NVIDIA's dominance in the AI sector. However, some investors remain optimistic about NVIDIA's future, citing its comprehensive platform and potential growth in the automotive division, which saw a 72% y/y revenue increase in Q3. This mixed sentiment is contributing to the stock's current performance.

The AXS 1.25X NVDA Bear Daily ETF (NVDS) has risen 2.21% to $30.55 as of 7:20 AM on Tuesday, December 17.