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Nvidia's stock declines as it misses China's major AI event, facing competition from Huawei.
Nvidia's stock fell this week as it was absent from China's major AI event, the World AI Conference in Shanghai.
Chinese tech firms, like Huawei, showcased their AI advancements, with Huawei unveiling a system that rivals Nvidia's top product.
Despite the dip, some analysts predict Nvidia’s stock could reach $800 per share by 2030, although others view this as overly optimistic.
Meanwhile, AMD's shares rose over 2.6% due to investor confidence in its AI chip momentum, while Intel's shares dropped more than 8% amid concerns over market share losses and strategic uncertainty.
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Las acciones de Nvidia disminuyen a medida que se pierde el principal evento de IA de China, enfrentando la competencia de Huawei.