Nvidia's Unexpected 35% Stock Plunge Amid Chip Delay Could Set The Stage For A Surprising Turn In Stock Performance
Portfolio Pulse from Zaheer Anwari
Nvidia has postponed the launch of its new AI chip, the Blackwell B200, due to a design flaw, causing a 35% drop in its stock price from June to August 2024. The delay impacts major cloud service providers like Microsoft, Google, and Meta. Despite the setback, Nvidia remains optimistic about future production and has seen a year-to-date growth of 102%.
August 06, 2024 | 2:14 pm
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Nvidia's delay in launching the Blackwell B200 AI chip due to a design flaw has caused a 35% drop in its stock price. The delay impacts major cloud service providers and could affect Nvidia's annual release schedule. Despite this, Nvidia remains optimistic about future production and has seen a year-to-date growth of 102%.
The delay in the Blackwell B200 chip launch is a significant setback for Nvidia, impacting its stock price and major cloud service providers. The 35% drop in stock price reflects investor concerns, but Nvidia's strong fundamentals and year-to-date growth indicate potential for recovery.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100