Nvidia is the ‘Magnificent 1’ now — but these rivals are closing in

“More competition pressures Nvidia’s pricing, margins and market share.”Nvidia Corp.’s NVDA, +0.36%earnings results felt like a national holiday of sorts. Countdowns and endless commentary surrounded the biggest moment in the stock market so far this year for what Goldman Sachs is now referring to as the most important stock in the world. On CNBC, Jim Cramer was quick to point out that Nvidia CEO Jensen Huang is a bigger visionary than Tesla’s Elon Musk. Nvidia