AI Stocks: NVDA, SMCI Plunge After AMD Gives Weak Chip-Sale Forecast

- AI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand. - AMD said it expects its MI300 AI chips to generate $4 billion in revenue in 2024, which was below some Wall Street forecasts. - Shares of Super Micro Computer, AMD, and Nvidia erased a collective $143 billion in market value. AI stocks plunged on Wednesday after AMD offered analysts 2024 revenue guidance for its AI chip that was below analyst …