There is an article doing the rounds in a source that I’m not sure is reputable but it says Nvidia is having a serious issue with an upcoming chip and “has delayed the device by months so far with no fix in sight.”
That’s certainly not helping as Nvidia shares are down 5.4% to $95.98.
It’s part of a broad selloff in the Nasdaq that has the index down 2.6% to the worst levels since Trump paused his ‘reciprocal but not reciprocal’ tariffs for 90 days.
Nasdaq daily
As for Nvidia, it’s held lows in the $90 range several times in the past 10 months. The bulls will highlight that it’s only trading at 17x earnings but the bears worry that its earnings are a one-time bubble, particularly with reports that Huawei has a new chip that’s going to ship imminently.
It achieves performance comparable to Nvidia’s H100 chip by combining
two 910B processors into a single package through advanced integration
techniques, they said.
Everything is being questioned in terms of US and USD dominance at the moment.
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