Nvidia Stock Dives 14% Amid Market Selloff. Why It's Being Hit Harder Than Others
Nvidia stock was falling sharply early on Monday. The chip maker is being hit by fears about economic growth and the production of its next-generation artificial-intelligence processors.Among other chip makers, Advanced Micro Devices was down 2.8% and Broadcom was falling 5.6% in premarket trading. Server maker Super Micro Computer was dropping 6.5%.However, Nvidia's particularly sharp move could be partially due to a report that volume shipments of its next-generation Blackwell B200 chip would be delayed by around three months, from technology-focused news outlet The Information.As Barron's has calculated, such a delay could cause a few billion dollars in revenue for Nvidia to arrive in early 2025 rather than late 2024. Nvidia said production is still on track to increase in the second half of the year but declined to comment specifically on the report."We believe Nvidia could be prioritizing CoWoS-L's tight capacity to B200, which has higher value for the GB200 superchip...this may