Nvidia’s stock is currently trading down 2.3% pre-market at $123.67 after experiencing a downward reversal from its all-time high last Thursday. Despite a flat day for stocks on Friday, Nvidia continued to decline. Analysts speculate that the stock could potentially hit a minimum target of $116, representing a 38.2% retracement. However, there is uncertainty surrounding whether Nvidia’s movement will impact the technology sector and the market as a whole.
In other news, the release of ChatGPT-4o by OpenAI has been delayed. OpenAI CTO Mira Murati stated in a recent interview that ChatGPT-5 may not be available until 2026, indicating potential capacity bottlenecks and a shift towards caution within the AI industry. This delay in the release of ChatGPT-4o could have broader implications for the industry, sparking concerns and generating a sense of uncertainty among stakeholders.
Overall, Nvidia’s stock performance and the delayed release of ChatGPT-4o by OpenAI are two key developments that could impact the technology sector and the market in the coming days. Investors and analysts will be closely monitoring these events to assess their potential implications and adjust their strategies accordingly.
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https://www.forexlive.com/news/nvidia-flags-further-warning-signs-20240624/