Nvidia stock surged 6.2% due to reduced delays in Blackwell AI processor shipments.

From Nasdaq: 2024-08-13 13:54:15

Shares of Nvidia (NASDAQ: NVDA) surged 6.2% on reports of less severe delays in Blackwell AI processor shipments, with the stock up 5.7% as of 1:33 p.m. ET. Initial concerns of a three-month delay were alleviated by UBS analysts predicting delays of only four to six weeks, boosting investor confidence.

Billions in potential sales of the Blackwell B200 AI processor were at stake, with concerns arising from potential design flaws. UBS analysts now suggest delays of only four to six weeks, with demand for AI technology remaining strong. Nvidia investors should expect growth volatility but continue investment for long-term gains.

Investors may find Nvidia’s current price worth it for triple-digit growth and leading position in the AI revolution. Although Nvidia wasn’t on the Motley Fool’s list of 10 best stocks, past investment success shows potential for future growth. Stock Advisor service provides guidance for maximizing returns and long-term investment success with Nvidia.



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