Nvidia Stock Sees Significant Movement on Tuesday

Nvidia's stock continues to rally in 2024, surging 167% year-to-date amid the AI boom. Despite this, DNB Asset Management has trimmed its Nvidia holdings while increasing stakes in Apple, Tesla, and Intel. Nvidia is also under investigation by the French competition authority for alleged anti-competitive practices. NYU Professor Aswath Damodoran has expressed skepticism about Nvidia's valuation and profitability.