NVIDIA shares are trading lower following a report suggesting Amazon halted orders of the company's Superchip to await updated models.
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares are trading lower following a report suggesting Amazon halted orders of the company's Superchip to await updated models.
May 21, 2024 | 1:22 pm
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NVIDIA shares are trading lower after a report indicated that Amazon has halted orders of the company's Superchip, awaiting updated models.
The halt in orders from a major customer like Amazon can negatively impact NVIDIA's short-term revenue and investor sentiment, leading to a decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100