Graphics card, chip, and tech company NVIDIA has seen its stock fall as it finds itself affected by both an industry market fall and a delay to its upcoming Blackwell chip. The company opened at around 13% down from the previous day of trading after reports that its shipments could potentially be delayed by up to three months.
This delay, first revealed on Friday, combined with a fall of prices across the tech industry. In the past 24 hours, NVIDIA, Google, Amazon, Microsoft, Apple, Meta (Facebook), and other tech companies have all seen stock prices fall by 10% or more. While some, such as Apple have normalized in the past hours, others remain down.
Image Credit: Nvidia
The fall in prices comes as Japan was hit by a significant drop in its stock market. The country reportedly experienced the largest one day fall in share prices since 1987. This drop had a ripple effect that saw Western markets open lower than expected, and fueling the fall in tech prices.
The Nvidia Corporation will perhaps feel the crunch more than others as the delay of its Blackwell chip came before this recent drop. The Blackwell chip is the foundation of its upcoming new line of data center architecture, and its latest range of GeForce RTX Mobile GPU cards.
Image Credit: Nvidia
Moreover, the chip is heavily marketed to be utilized in the field of AI. This spells trouble, as increasing doubts about the sustainability of AI may have helped the tech stock slump as it has.
How this will affect the gaming space is unknown, but generally, when tech companies suffer, it’s video game studios that feel the pinch. What’s more, gamers are often the ones who feel the pinch in their wallet when hardware manufacturers face parts shortages, as commercial clients eat up the limited supply.
With a seemingly global tech crunch, gaming, one of tech’s biggest sub markets, could suffer in the wake of overall market trouble.