This Could Be Bad and Good News for Nvidia Stock
Nvidia (NASDAQ: NVDA) stock has been flying high for the past few years, buoyed by the company's dominance in the artificial intelligence (AI) chip market. Its sales of chips and related products to AI customers have helped it report record earnings that have climbed in the triple digits. The company even launched a stock split back in June to lower its per-share price, a move to make it more easily accessible to a wider range of investors.
But, since the split, Nvidia's stock has disappointed investors, falling more than 11%. Now some are wondering whether Nvidia has permanently lost its momentum -- after all, the company is up against more and more competition in the AI chip market. On top of this, Nvidia may be facing delays in the release of its much-awaited Blackwell chip, according to a news report. The chip might be delayed by at least three months because of a design flaw, The Information reported.
If this is indeed the case, it may be bad news for Nvidia stock -- but there could be some positive news in this story too. Let's take a closer look at the situation and find out where Nvidia stock may be heading in the coming months.
Source Fool.com
