NVIDIA Down 14%, Below $100 Amid Blackwell Chip Delay Reports
The post NVIDIA Down 14%, Below $100 Amid Blackwell Chip Delay Reports appeared on BitcoinEthereumNews.com.
NVIDIA is experiencing significant market turbulence following reports of a delay in the release of its highly anticipated Blackwell AI chip NVIDIA is experiencing significant market turbulence following reports of a delay in the release of its highly anticipated Blackwell AI chip. Despite reassurances from NVIDIA that production remains on track, conflicting reports have fueled investor uncertainty. The company has seen a dramatic decline in its stock value, dropping below $100 per share and losing $680 billion in market value over the past three and a half weeks. NVIDIA shares are down 14% in overnight trading and have lost 30% from their peak. The broader market has also been affected, with major indices such as the Dow Jones futures and NASDAQ 100 experiencing substantial declines. Analysts have mixed views on the impact of the reported delay, with some suggesting it could affect NVIDIA’s performance in the third and fourth quarters, while others believe the impact will be modest. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/tradfi-and-fintech/nvidia-down-14-below-100-amid-blackwell-chip-delay-reports
Filed under: News - @ August 5, 2024 8:14 pm