Nvidia is currently facing challenges with its latest AI chips, leading to a reduction in orders from major clients like Microsoft, Amazon, Google, and Meta. The issues, primarily related to overheating and chip connectivity, have caused these clients to either delay their purchases or consider older AI chip models. This development has raised concerns about Nvidia's future revenue streams, as the delays could impact the company's ability to meet market demand and maintain its competitive edge in the AI sector. Consequently, Nvidia's stock has been under pressure, reflecting investor apprehension over the potential financial implications of these technical setbacks.
The GraniteShares 2x Long NVDA Daily ETF (NVDL) experienced a decline, closing at $64.52, down 3.93% from its previous close of $67.16.