Nvidia stock (NVDA) fell more than 5% on Tuesday, a day after closing at a record high.
The company’s stock had fallen less than 1% in premarket trading, but was down about 5% by midday. The decline is US may restrict sales of advanced artificial intelligence chips From a U.S.-based chip manufacturer to a specific country. Biden administration officials have in recent weeks discussed capping export licenses for advanced AI chips, including those from NVIDIA and rival AMD.AMD) to Middle East countries citing national security concerns, Bloomberg reported.
Earlier this year, U.S. authorities Delay in license issuance Nvidia asks AMD and other US chipmakers to ship large-scale AI accelerators to Middle East, Bloomberg reported.
On the other hand, Dell (Dell) Shipping schedule Computer servers equipped with Nvidia’s Blackwell AI chips Arthur Lewis, president of Dell’s infrastructure division, told Bloomberg that the service will be available to some customers next month, with general availability early next year.
Dell’s rollout signals production of Nvidia’s highly anticipated product blackwell chip It is on schedule after reports of delays earlier this year.
Nvidia stock is experienced some turbulence In the last few months. In August, Chip maker stocks fell Shares rose about 13% in premarket trading after reports that the company’s Blackwell chips were delayed due to a design flaw.
Still, NVIDIA stock is up about 173% so far this year and remains the second most valuable publicly traded company after Apple (AAPL). The company’s stock rose 2.4% on Monday, closing at a record high of $138.07. The previous high closing price was $135.58 June 18th — 1 week after start 1:10 stock split.
In the era of Nvidia 2nd quarter earnings CEO Jensen Huang said in August that the company was shipping samples of Blackwell chips to customers during the period and that Blackwell production would increase in the fourth quarter leading up to fiscal 2026. .
To “improve production yields,” NVIDIA made changes to Blackwell’s GPU mask, the chipmaker said. But “no functional changes were necessary,” Huang said on a conference call with analysts.
Nvidia’s stock price rose earlier this month after CEO Jensen Huang said demand for Blackwell was “insane.”
