Perplexity AI predicts Nvidia stock price amid SMCI turmoil
As Nvidia (NASDAQ: NVDA) navigates the turbulence caused by Super Micro Computer Inc. (NASDAQ: SMCI)’s recent crisis, Perplexity AI has weighed in with predictions on the chipmaker’s stock price. The AI platform analyzed current market conditions, offering both bullish and bearish scenarios for Nvidia’s future amid the unfolding SMCI turmoil. The turmoil began when Super Micro’s auditor, Ernst & Young, resigned due to concerns over the company’s financial practices. This news sent shockwaves through the market, causing SMCI’s stock to plummet by over 29%, trading near $34.68. Nvidia, a major supplier to Super Micro, felt the impact as its stock dropped 4% to $136. Meanwhile, Mizuho analyst Jordan Klein warned of potential repercussions for Nvidia. He cautioned that “if Super Micro’s issues escalate and hinder their ability to fund operations, Nvidia might miss its own forecasts.” Klein suggested that Nvidia is likely...