Nvidia
Nvidia shares fell 4.63% to $199.57 on May 1 as investors weigh rising AI competition against strong cloud spending. Despite Big Tech ramping up capital expenditures, concerns that hyperscalers' custom chips could crowd out Nvidia's future opportunities beyond 2027 drove the selloff 1. While rivals like AMD and Broadcom gained, Nvidia faced pressure with trading volume reaching 225.91M and a daily range of $198.70–$210.30. The market remains split between robust demand fundamentals and long-term competitive risks.
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