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Nvidia tells the truth, and tempers a potential rally for chip stocks

Jeremy C. Owens
Nvidia tells the truth, and tempers a potential rally for chip stocks

For months, chip companies have been telling investors that a rebound is right around the corner, with little evidence to back up those claims. Nvidia Corp. admitted as much Thursday afternoon, throwing a wet blanket on an after-hours bounceback for its beleaguered stock and shares in other chip companies.