NVIDIA's stock price rebounds, analysts emphasize its AI leadership position

Zhitong
2024.08.06 15:54

NVIDIA's stock price rebounded in early trading on Tuesday, following reports that its Blackwell artificial intelligence chip would be delayed, causing a sharp drop on Monday. A NVIDIA spokesperson stated on Tuesday that the production of its Blackwell series products is expected to increase in the second half of this year. Analysts bullish on the stock pointed out that its strength in artificial intelligence is unmatched, acknowledging that delayed product deliveries may cause short-term fluctuations in the stock, but they remain optimistic about NVIDIA's long-term prospects. As of 11:49 AM Eastern Time on Tuesday, NVIDIA's stock price rose by $4.49, or 4.47%, to $104.95. The stock had fallen by 6.36% on Monday

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