Nvidia looks set to recoup some of Monday's losses after economic fears knocked global stock markets and concerns grew over a potential delay to shipments of the company's Blackwell chips.
With a 90 percent share of the A.I. chip market, the company is facing antitrust investigations into the possibility that it could lock in customers or hurt competitors.
The U.S. tech sector took a massive hit Monday, with the so-called Magnificent Seven stocks some of the day's biggest decliners.
Nvidia has an estimated 80% market share in the AI chip space. Demand levels are outstripping supply for Nvidia chips, giving competitors an opportunity to pounce.
Tech stocks are in the midst of a $1 trillion erasure today as markets continue to reel from Friday's gruesome jobs report. The tech-centric Nasdaq Composite is on track to lose 4% of its value on one of the worst days for stocks in recent memory.
Worries over a delay in the launch of Nvidia's upcoming artificial-intelligence chips may be exaggerated, analysts said, as they do not expect the setback to have a big impact on the chip giant's revenue or demand.
Nvidia Corp NVDA finds itself at the center of tech speculation as reports have surfaced about potential delays in its much-anticipated Blackwell architecture.
Nvidia's new AI chip launch is delayed, raising doubts about its annual release promise. The delay is due to manufacturing challenges with Taiwan Semiconductor Manufacturing Company.
Reports suggest Nvidia's highly anticipated Blackwell AI artificial intelligence (AI) chips could be delayed. The company's state-of-the-art processors have helped spark the AI revolution.
The A.I. chip maker's shares fell in early trading, but the stock pared some of its losses.
Shares of semiconductor giant Nvidia Corp (NASDAQ:NVDA) are down 7.5% to trade at $99.26 at last check, after the company revealed over the weekend that its latest artificial intelligence (AI) chip will see a three-month delay, which may impact customers such as Meta Platforms (META) and Microsoft (MSFT).
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