Tue Sep 10 17:12:03 UTC 2024: ## Nvidia Faces Investor Scrutiny Amid Blackwell Chip Delays, Despite Big Revenue Expectations

**San Francisco, CA** – Nvidia’s (NVDA) stock took a 15% dip following the company’s latest earnings report, which revealed delays in the launch of its Blackwell chip due to engineering challenges. This news has sparked jitters among investors who are eagerly awaiting an update from CEO Jensen Huang at the upcoming Goldman Sachs conference in San Francisco.

Huang is expected to address the Blackwell situation and discuss the company’s overall strategy with Goldman CEO David Solomon. While Nvidia anticipates “several billion dollars” in revenue from Blackwell during its fiscal fourth quarter, analysts remain concerned about the impact of the delays.

Brian Mulberry of Zacks Investment Management highlighted the delay as a major concern, emphasizing the need for a timely Blackwell rollout to stabilize Nvidia’s stock volatility. Meanwhile, Chris Grisanti of Mai Capital Management believes the selloff is unwarranted, citing the strong demand for AI chips from tech giants like Microsoft and Amazon.

Despite the challenges, Nvidia’s key supplier, Taiwan Semiconductor Manufacturing Co (TSM), reported a 33% revenue growth in August, indicating a positive outlook for the smartphone market and continued demand for AI chips.

Despite the recent downturn, Nvidia stock remains up over 137% year-to-date. Investors can gain exposure to the stock through ETFs like iShares Russell 1000 Growth ETF (IWF) and iShares S&P 500 Growth ETF (IVW).

**Nvidia’s stock is currently down 0.37% at $106.08.**

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