NVIDIA (NVDA) weakness likely not related to power hungry AI Chatbot - Mizuho O'Regan

Mizuho desk analyst Daniel O'Regan highlights that NVIDIA (NASDAQ: NVDA) is down 7% over two days, the worse 2-day stretch since early December, and is getting some inbound interest from investors amid the weakness.

O'Regan highlights that the stock made made 10-month highs vs the SOX on Tuesday but has lagged since then.

The analyst doesn't see anything stock specific and and thinks the weakness is largely market related.

"NVDA is a super popular long and UP a whopping 44.6% year-to-date," he comments. "It probably doesn’t have much to do with negative ChatGBT headlines but articles like this don’t help “Bing AI Chatbot goes on ‘destructive’ rampage: ‘I want to be powerful” - NYP (Crazy read if you have the time)"

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