Intel CEO Pat Gelsinger joins Yahoo Finance Live to discuss the ongoing chip shortage, the state of the economy, and the outlook for the labor market.
Seesawing semiconductor stock Nvidia (NASDAQ: NVDA) moved lower ahead of its expected Wednesday-evening earnings report, falling 2.1% through 10:55 a.m. ET on Monday (although it's back in the green now at midday). Two separate analysts lowered their price targets for Nvidia ahead of the report, with UBS cutting the shares to $280 and Bernstein predicting a $225 target price. Both analysts pointed to worries about falling demand for GPUs in the gaming segment as the reason for their cuts, reports TheFly.com, although UBS said demand probably won't "fall off ... quite yet" -- referring to Nvidia's Q1 results.
The artificial intelligence (AI) market has grown significantly in recent years as companies have launched more powerful chips and data-processing algorithms. Yet this nascent market could still grow at a compound annual growth rate (CAGR) of 20.