Nvidia stock down around 1.5% after AMD-OpenAI deal: buy, sell or hold?

Core Viewpoint - Nvidia's stock experienced a decline following Advanced Micro Devices Inc.'s announcement of a multibillion-dollar agreement with OpenAI, which heightens competition in the artificial intelligence chip market [1] Company Summary - Nvidia's stock performance is negatively impacted by competitive developments in the AI chip sector [1] - Advanced Micro Devices Inc. is positioning itself as a strong competitor to Nvidia through its strategic partnership with OpenAI [1] Industry Summary - The announcement signifies an intensifying competition within the artificial intelligence chip market, which could affect market dynamics and pricing strategies [1] - The multibillion-dollar agreement indicates significant investment and interest in AI technology, potentially reshaping the competitive landscape [1]