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Cathie Wood Seizes Nvidia Dip Amid AI Chip Optimism

Cathie Wood Seizes Nvidia Dip Amid AI Chip Optimism

Author:

Global Cryptocurrency

Published:

2025-11-21 05:37:02

22

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BTCCSquare news:

Nvidia shares retreated 3% on Thursday despite posting stellar Q3 results, with revenue surging 62% and EPS beating estimates at $1.30. CEO Jensen Huang's bullish commentary on AI chip demand initially fueled gains before valuation concerns triggered profit-taking.

ARK Invest's Cathie Wood capitalized on the pullback, acquiring 93,374 shares. The MOVE aligns with Raymond James' reinstated Strong Buy rating and $272 target, citing Nvidia's undisputed leadership in AI semiconductors. Year-to-date gains of 35% underscore the stock's momentum in the AI rally.

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