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00:02NVIDIA shares have entered a technical correction,
00:05falling 12.2% from a record high of $200 to $214
00:09as the AI stock bubble index climbed to $74, according to Benzinga.
00:14Analysts David Rosenberg and Ray Dalio
00:16have warned that the artificial intelligence bubble could burst.
00:19The index measures six factors, including valuations,
00:23market concentration, and the gap between AI investment and revenue.
00:28NVIDIA remains exposed as a major supplier of AI chips
00:31and an investor in AI companies.
00:33However, its business continues to grow,
00:36with second quarter revenue exceeding $104 billion,
00:39while CEO Jensen Huang suggested annual revenue
00:42could grow more than 70% next year, surpassing expectations.
00:45Technical indicators also suggest further downside.
00:48NVIDIA shares have fallen below their 50-day exponential moving average,
00:52with potential declines to $209 or $200.
00:55For all things money, visit Benzinga.com.
