Nvidia Stock Plummets on Reported Delay of Its New AI Chip Amid Global Sell-Off

Category: Finance

Nvidia shares fell over 7% due to reports of delays in the Blackwell AI chip system, attributed to design flaws. This delay could impact major companies relying on Nvidia's technology, despite strong demand for the product. Analysts suggest this may increase demand for older Nvidia chips and products from competitors.

Keywords: Nvidia, Blackwell AI chip, stock market

Source: Investopedia

Update At: 8/6/2024

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