Nvidia sales likely to double in Q2, even a slight miss may hurt shares

Quick Summary:

Some investors are concerned about the company's ability to meet lofty expectations and have questioned the pace of spending on AI by Nvidia's largest customers.

These worries led to a 20 per cent slump in Nvidia's stock through much of July and early August, though a recent recovery has left the stock just about 5 per cent below its record high in June.

Some analysts said Nvidia could offset much of the hit from the delay in Blackwell chips by substituting those orders with its prior generation Hopper chips.

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Category: BusinessFinance

Markets: IndiaChinaTaiwan

Topics: Chip sector Chip industry Nvidia results Q2 results Nvidia

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-08-26 @ 16:10:53 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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Sentences: 26 lines

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