Nvidia Corp (NASDAQ:NVDA) stock beat the broader indexes Invesco QQQ Trust, Series 1 (NASDAQ: QQQ), and SPDR S&P 500 (NYSE: SPY) Tuesday as the artificial intelligence rally is in no mood to slow down.
The trillion-dollar chip designer lost over 10% last month amid profit-taking. Bernstein recommended investors take profits in pricey tech stocks like Nvidia.
The AI continues to hog the limelight, the latest being OpenAI's ChatGPT, launching verbal responses for user queries.
TSMC has won orders for Nvidia's next-generation AI processor called B100, which requires the foundry's 3nm process fabrication.
Also, now Nvidia targets the ad industry as the next primary chip-buying market.
Price Action: NVDA shares traded lower by 0.09% at $421.84 on the last check Tuesday.
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