Nvidia stock (NASDAQ: NVDA) slid on Friday as traders locked in gains after a strong stretch that had once again made the AI-chip leader a consensus “crowded” winner. The move came as part of a broader bout of profit-taking across semiconductors, with the Philadelphia Semiconductor Index also under pressure.
Wedbush analyst Dan Ives is doubling down on his bullish AI stock calls, arguing that investors focused on short-term valuation metrics risk missing out on what he sees as ‘the fourth industrial revolution.'
Amazon, Microsoft, and Google-parent Alphabet have spent weeks convincing investors that their AI buildout will pay off, but the market's patience is thinning as 2026 capital-spending plans climb.
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