Nvidia
2024 - 8 - 6Nvidia Stock Plummets: AI Chips, Market Meltdowns, and Cash Controversies!
AI chips - Groq - Magnificent 7 - NEXTDC - Nvidia - semiconductors - stock market - technologyOuch! Nvidia's stock has taken a nosedive, and it's all thanks to some AI chip drama. Can they bounce back, or is it time for Plan B?
Monday has been a turbulent day for investors, especially those who hold stock in Nvidia. The tech giant, known for its AI chips, faced a significant blow after shocking reports surfaced regarding a design flaw in its highly anticipated Blackwell AI chips. As one of the leaders in the so-called 'Magnificent 7'—a group of tech stocks that includes Apple and Amazon—Nvidia's misstep is dragging down the entire crew, leading to a staggering market cap loss of over $1 trillion across the board. This tech tumble has investors raising their eyebrows, wondering whether this is just a hiccup or the beginning of a chaotic downward spiral.
Adding fuel to the fire, Nvidia's much-heralded Blackwell chip is reportedly facing production delays that could push the launch back by three months or more. For a company that had positioned itself at the forefront of AI technology, these setbacks are particularly alarming. In tandem with this bad news, the rumble in the stock market saw other major players like Apple taking hits, as they too could feel the repercussions of a failing Nvidia. After all, when one star tumbles, the entire constellation doesn't seem quite as bright anymore.
While some analysts remain cautiously optimistic, suggesting that this might just be a temporary setback, the uncertainty in the market has led to a mass selloff that has left many investors in panic mode. The phenomenon has raised eyebrows, especially after reports emerged that Berkshire Hathaway cut its stake in Apple by nearly 50%, a move that sent ripples of worry across the tech sector. As the Dust settles on this brutal Monday, many are left wondering whether now is the time to cautiously dip into the gaming and AI pools, or steer clear of the tempestuous waters altogether.
Diving deeper into the chaos, it's important to note that while Nvidia faces challenges, rival companies are seizing opportunities to stake their claim in the AI chip realm. For instance, Groq, a startup that has made headlines by raising a cool $640 million, seems ready to take on Nvidia. With financial backing from heavyweights like BlackRock and the addition of ex-Meta AI scientist Yann LeCun as an adviser, Groq is poised for a competitive bout. Will the momentum swing in favour of Groq while Nvidia works to right the ship? Only time will tell.
Fun Fact: Did you know that despite the chaos, Nvidia's AI chips have been dubbed "the brains of AI"? Companies like Google and Amazon rely on them to power everything from voice assistants to image recognition technology! And here's a quirky tidbit: The name "Groq" cleverly sounds like a fusion of "grok"—meaning to understand something deeply—and "rock"—which they'd like to be if they can disrupt Nvidia's market leading position!
Big Tech Falters: Magnificent 7 Sheds Over $1 Trillion As Apple ... (Forbes)
Monday is a brutal day for long investors. Getty Images. Key Facts. American stock indexes tanked shortly after Monday's market open, as the blue chip Dow Jones ...
Nvidia stock is tanking after reports of an AI chip design flaw (Quartz)
Nvidia's latest Blackwell AI chips have been in high demand from the world's biggest tech companies.
Production issues threaten to delay next generation of Nvidia AI chips (Financial Times)
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Nvidia stock tanks as Magnificent 7 shares see worst market cap ... (Yahoo Finance)
Nvidia led the Magnificent 7 stocks lower Monday as the group saw its biggest market cap wipeout ever.
Why Nvidia Stock Crashed on Monday (Motley Fool)
Reports suggest Nvidia's highly anticipated Blackwell AI artificial intelligence (AI) chips could be delayed. The company's state-of-the-art processors have ...
Nvidia's stock slides, but these analysts aren't panicking about ... (MarketWatch)
Nvidia Corp.'s stock is falling hard in Monday's premarket action, partly reflecting concerns about reported delays for its new Blackwell chip and also taking ...
Nvidia Shares Tumble After Reports of a Chip Delay (The New York Times)
The A.I. chip maker's shares fell in early trading, but the stock pared some of its losses.
Raising Cash and ... Adding to Nvidia (TheStreet)
One thing I have done well since the 10-for-one split, is trade Nvidia (NVDA) . So far so good. Some people consider an eight-hour workday to be "full-time." If ...
Nvidia Reportedly Delays Next-Generation Blackwell AI Chip; Big ... (Investor's Business Daily)
Nvidia reportedly has delayed the Blackwell B200 AI chip by 3 months or more. Nvidia stock and other big AI plays plunged early Monday.
Nvidia Stock Dives Amid Market Selloff. Why Investors Shouldn't Panic. (Barron's)
Berkshire Hathaway slashed its big stake in Apple by nearly 50% in the second quarter to about 400 million shares from 789 million shares in the first ...
AI chip start-up Groq's value rises to $2.8bn as it takes on Nvidia (Financial Times)
Company raises $640mn from investors including BlackRock and brings in Meta AI scientist Yann LeCun as adviser.
Nvidia Stock, Hardware Partners Punished By AI Chip Delay (Investor's Business Daily)
Nvidia stock and shares of data-center hardware vendors tumbled amid reports of a delay for Nvidia's next-generation AI processor.
An Nvidia rival just landed $640 million in cash — and a Meta AI ... (Quartz)
We may earn a commission from links on this page. ... AI chipmaking startup Groq — not to be confused with Elon Musk's AI chatbot, spelled Grok — announced Monday ...
Nvidia Delays Next-Gen Blackwell GPUs Due To Design Issues ... (CRN)
The reports of delays arrived as Nvidia seeks to defend and grow its dominance of the AI computing space by making its chips, systems, software and service ...
Nvidia's AI chip demand to face limited impact from potential ... (Reuters.com)
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 ...
Nvidia shares tank as 'Magnificent 7' stocks on track to lose $620 ... (Yahoo Finance)
Nvidia led the Magnificent 7 stocks lower Monday as the group was on track for one of its largest market cap wipeouts.
Nvidia, Apple and Amazon took a hit Monday, here's a look at how ... (USA TODAY)
See how tech, retail and finance stocks are performing after the S&P 500 Index dropped Monday morning.
Understanding the recent sell-off amid Nvidia product delay ... (Livewire Markets)
The semiconductor sector has been experiencing significant volatility, with a notable sell-off last week affecting semiconductor-heavy indices across Asia.
NEXTDC Secures Certification in the NVIDIA DGX-Ready Data ... (NEXTDC)
NEXTDC partners with NVIDIA to empower AI Factories in Australia, offering cutting-edge infrastructure for AI development and deployment.
Nvidia shares tank as 'Magnificent 7' stocks lose more than $650 ... (Yahoo Finance)
Nvidia led the Magnificent 7 stocks lower Monday as the group suffered a $650 billion market valuation wipeout.
Apple, Nvidia lead sell-off in tech stocks; magnificent seven set to ... (Livemint)
The magnificent seven - Alphabet, Amazon, Meta Platforms, Microsoft, Tesla, Apple, and Nvidia fell as much as 6.5%
NextDC secures Nvidia DGX-Ready data center certification (DatacenterDynamics)
With the certification, NextDC will be able to support Australian organizations with digital infrastructure architectures designed for Nvidia's artificial ...
Lessons from an Nvidia investor: Stay cool and use common sense (The Sydney Morning Herald)
With a near-monopoly position in making graphics processing units (GPUs) or advanced computer chips that can process complex computing functions such as AI, ...
Nvidia's new app now has display settings, RTX Video HDR sliders ... (The Verge)
Nvidia is on a mission to eliminate its legacy Control Panel and GeForce Experience apps and combine them into a single new Nvidia app.
Watch These Nvidia Stock Price Levels as AI Darling Navigates ... (Investopedia)
Nvidia shares rose in premarket trading Tuesday, after dropping more than 6% the previous session amid a broad-based market selloff and following reports ...
Nvidia Stock Rebounds as Analysts Highlight AI Leadership ... (Investopedia)
Nvidia shares rebounded in early trading Tuesday after reports its Blackwell AI chip will be delayed sent the stock tumbling, as bullish analysts ...
Editor's Paradise: NVIDIA RTX-Powered Video Software CyberLink ... (NVIDIA Blog)
Creative app updates from Adobe, Houdini and Topaz AI, August Studio Driver drop and photorealistic 3D replicas of Greek structures in Omniverse.
Nvidia chip delays risk eroding its AI edge (Fortune)
CEO Jensen Huang is introducing new chip designs and technology more rapidly, aiming to maintain an edge in AI computing.
Design Flaw Delays Nvidia's Blackwell Chips Until 2025 (AI Business)
Nvidia customers who have ordered its new Blackwell flagship line of chips are facing delays as the company grapples with design flaws.
Will you receive dividends if you buy NVIDIA stock today? (Motley Fool Australia)
If an ASX investor buys NVIDIA Corporation (NASDAQ: NVDA) stock today, will they be buying a dividend share as well as a growth stock?
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