September 17, 2024

NVIDIA’s Double Whammy Sees Citi Cut Estimates After Purported AI Chip Delay 

Claudio Ctin1 mins
NVIDIA’s Double Whammy Sees Citi Cut Estimates After Purported AI Chip Delay 

Amidst a global rout of equities and technology stocks, NVIDIA’s shares were dealt another blow after Citi reduced its 2025 sales estimate for NVIDIA and removed the shares from its 30 day catalyst watch. The bank kept its $150 share price target for NVIDIA and a Buy rating, adding that the feverish demand for the firm’s H100 and H200 chips could help it mitigate some of the impact from the purported Blackwell delay. An NVIDIA statement given to Wccftech earlier had refused to comment on rumors and shared that Blackwell was on track to ramp up in the second half […]

Read full article at https://wccftech.com/nvidias-double-whammy-sees-citi-cut-estimates-after-purported-ai-chip-delay/

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