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Reading: NVIDIA Down 14%, Under $100 Amid Blackwell Chip Delay Studies – “The Defiant”
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The Texas Reporter > Blog > NFTs > NVIDIA Down 14%, Under $100 Amid Blackwell Chip Delay Studies – “The Defiant”
NFTs

NVIDIA Down 14%, Under $100 Amid Blackwell Chip Delay Studies – “The Defiant”

Editorial Board
Editorial Board Published August 5, 2024
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NVIDIA is experiencing important market turbulence following studies of a delay within the launch of its extremely anticipated Blackwell AI chip

NVIDIA is experiencing important market turbulence following studies of a delay within the launch of its extremely anticipated Blackwell AI chip.

Regardless of reassurances from NVIDIA that manufacturing stays on observe, conflicting studies have fueled investor uncertainty. The corporate has seen a dramatic decline in its inventory worth, dropping beneath $100 per share and dropping $680 billion in market worth over the previous three and a half weeks.

NVIDIA shares are down 14% in in a single day buying and selling and have misplaced 30% from their peak. The broader market has additionally been affected, with main indices such because the Dow Jones futures and NASDAQ 100 experiencing substantial declines.

Analysts have combined views on the influence of the reported delay, with some suggesting it may have an effect on NVIDIA’s efficiency within the third and fourth quarters, whereas others imagine the influence might be modest.

That is an AI-generated article powered by DeepNewz, curated by The Defiant. For extra data, together with article sources, go to DeepNewz.

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