Pre-market plunge of 12%! NVIDIA exposed to new chip delay, Wall Street analysts remain calm
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NVIDIA plunged in pre-market trading due to the delay in new chip launch. Citigroup reiterated a "buy" rating on NVIDIA with a target price of $150. NVIDIA's sales forecast for the fiscal year 2025 has been lowered, but the forecast for fiscal year 2026 remains unchanged. The delay of the new chips for more than three months may make AMD the second largest supplier. Other research firms have also expressed their views on this. NVIDIA may still be the leading company in the field of AI GPUs, but the delayed release of new products may benefit AMD. NVIDIA is expected to announce its latest quarterly earnings later this month
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