Previous close | 221.95 |
Open | 214.00 |
Bid | 224.40 |
Ask | 230.05 |
Strike | 990.00 |
Expiry date | 2024-07-05 |
Day's range | 214.00 - 224.70 |
Contract range | N/A |
Volume | |
Open interest | 36 |
Micron Technology's (MU) post-earnings decline and Nvidia's (NVDA) shaky sell-off have not been a vote of confidence for the AI landscape to investors this week. Is this the first sign of an AI bubble materializing? To help answer these questions and more, Lead Edge Capital Founder Mitchell Green comes onto Yahoo Finance's Catalysts to talk about the long-term vision of the artificial intelligence trade. "If you believe that the hyperscalers are who are going to spend giants amount of money, I should say hyperscalers and the Singaporean government and the Middle Eastern governments are going to spend more money next year on this stuff. Then it's probably a long. If you think that this CapEx could be some sort of slight bubble, it's probably a short. What we think is it's very real, but this stuff is going to take a lot longer to play out than people think." Green states it could be some of the AI "incumbents" that actually come out on top at the end of the long-term adoption timeline. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
In tech, competition is key. It forces companies to work hard on unique values and products that offer solutions where their competitors fail. With Nvidia's (NVDA) rapid AI domination, it leaves one to wonder how Amazon (AMZN) will carve a space in this market. On Opening Bid with Yahoo Finance Executive Editor Brian Sozzi, Neuberger Berman senior research analyst Daniel Flax shares that the key for Amazon is 'bringing a level of differentiation,' both internally and through partnerships, like with Nvidia, Intel (INTC), and AMD (AMD). For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.
The chip maker's shares have fallen from an intraday peak of more than $140 last week amid concerns that its valuation has become stretched.