Nvidia's stock fell 14% due to market volatility and Blackwell GPU delay, but analysts remain positive.

From Nasdaq, Inc.: 2024-08-17 15:00:00

The S&P 500 and Nasdaq Composite have given back some of their gains, with Nvidia’s shares falling nearly 14% in the last month. The capital markets have been volatile due to macroeconomic factors and election-driven uncertainty. Nvidia’s highly anticipated Blackwell GPU is facing delays, but experts believe the company will maintain its market share dominance in the AI chip market.

Investors shouldn’t panic about Nvidia’s Blackwell delay as the company holds a significant market share in the AI chip industry. Despite the delay, demand for Nvidia’s GPUs remains high, and the company is expected to overcome the setback once the chips are launched. The rising investments in capex among big tech companies point towards Nvidia’s bright future and potential growth opportunities.

Despite recent challenges, Nvidia’s bright future outlook and strategic investments in software and other areas outside of GPUs present a compelling opportunity for investors. The recent sell-off in Nvidia stock due to the Blackwell delay is viewed as a buying opportunity by analysts, who believe further gains are likely in the long run. Investors are encouraged to consider all variables before investing in Nvidia to maximize potential returns in the future.



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