From Reuters via Yahoo Finance, January 13:
Nvidia's top customers are delaying orders of the AI chip leader's latest 'Blackwell' racks due to overheating issues, the Information reported on Monday.
The Santa Clara, California-based company's shares fell more than 4% in early trading.
The U.S. government also said earlier in the day it would further restrict AI chip and technology exports, potentially hurting Nvidia's sales.
The first shipments of racks with Blackwell chips have been overheating and exhibiting glitches in the way chips connect to one another, the Information reported.
A rack, used in data centers, is a structure that houses chips, cables and other essential equipment.
Major customers Microsoft, Amazon.com's cloud unit, Alphabet's Google, and Meta Platforms have cut some orders of Nvidia's Blackwell GB200 racks, according to the report.
Nvidia, Microsoft, Google, Meta and Amazon did not immediately respond to Reuters' requests for comment....
....MUCH MORE
The stock is changing hands at $131.51 down $4.40 (-3.24%) after trading as low as $129.51. If news of this sort couldn't knock the stock lower my guess is that today will set the immediate-term low. Still, quite a ways off that $153.13 all-time high of January 7th.
Mind the gaps.
Here is the last month of action via TradingView:
