In a discussion on Fox Business, tech analyst R 'Ray' Wang commented on Nvidia's recent stock performance. Despite an earnings beat, Nvidia's stock has been underperforming, largely due to rumors surrounding the company's Blackwell chip update. Wang suggests that these rumors have been dispelled and indicates that there are new highs on the horizon for Nvidia's stock in the near future.
Ray Wang's analysis implies confidence in Nvidia's growth trajectory due to the dispelling of negative rumors surrounding the Blackwell chips, which could indicate a recovery in stock performance.
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