Nvidia slides as Thor chip delays reportedly deter auto makers
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Nvidia's shares are declining due to reported production delays of its Thor chip, which have deterred automakers. The chip's mass production, initially expected this year, is now unlikely until mid-2025.
December 17, 2024 | 2:30 pm
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NEGATIVE IMPACT
Nvidia's stock is negatively impacted by delays in the production of its Thor chip, which has led to a loss of interest from automakers. The chip's mass production is postponed to mid-2025.
The delay in the Thor chip production is significant for Nvidia as it affects its automotive sector growth. Automakers' deterred interest could lead to reduced revenue expectations, impacting stock prices negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100