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 opt for older AI chip models. This development has raised concerns about Nvidia's future revenue streams, as the delays could impact the company's financial performance in the coming quarters. The market's reaction to these challenges has been reflected in Nvidia's stock performance, which saw a decline as investors reassessed the company's near-term prospects.
The YieldMax NVDA Option Income Strategy ETF (NVDY) closed at $21.97, down 1.79% from its previous close of $22.37, and currently stands at $22.10 as of 5:00 PM on Monday, January 13.