Chaos in Nvidia

Nvidia, holding one of the largest market caps in the stock market, has gone through an exceptionally difficult few days.

Since its peak in support in early July, the company lost nearly 30% in share price, partially due to a market-wide bear trend following the Central Bank's decision in maintaining high interest rates, as well as very unsuccessful earnings reports from large companies such as Apple and Microsoft. Nvidia is expected to release their second-quarter earnings this month.

However, Nvidia has stayed resilient in trying to maintain their bullish market trend which they've rode over the past few months. Nvidia CEO Jensen Huang vowed to kickstart "the next Industrial Revolution," with the chips company at its forefront.

Huang has emphasized AI development in providing hope for the company and the failing NASDAQ index.  "AI will bring significant productivity gains to nearly every industry and help companies be more cost- and energy-efficient while expanding revenue opportunities," he said. This is coming following the decreasing support by investors for AI as the concept did not generate nearly as much profits as they were projecting.

Additionally, the company is expected to ramp up production and distribution of AI-powered chips which have experienced long delays in production.

Nevertheless, the future of Nvidia will look radical; either up or down.