Nasdaq extends decline to 2.6%, eyes on Nvidia

There is an article doing the rounds in a source that I’m not sure is reputable but it says Nvidia is having a serious issue with an upcoming chip and “has delayed the device by months so far with no fix in sight.”

That’s certainly not helping as Nvidia shares are down 5.4% to $95.98.

It’s part of a broad selloff in the Nasdaq that has the index down 2.6% to the worst levels since Trump paused his ‘reciprocal but not reciprocal’ tariffs for 90 days.

As for Nvidia, it’s held lows in the $90 range several times in the past 10 months. The bulls will highlight that it’s only trading at 17x earnings but the bears worry that its earnings are a one-time bubble, particularly with reports that Huawei has a new chip that’s going to ship imminently.

It achieves performance comparable to Nvidia’s H100 chip by combining
two 910B processors into a single package through advanced integration
techniques, they said.

Everything is being questioned in terms of US and USD dominance at the moment.

This article was written by Adam Button at www.forexlive.com.