NVIDIA, which had been on a rally fueled by expectations of surging demand for new AI-specific chips, experienced a slight dip today.
On Wednesday, NVIDIA’s stock closed at $139.23 on the New York Stock Exchange, down 0.12%. This minor setback appears to be a healthy correction following its recent rapid ascent.
Interestingly, NVIDIA also received positive news, as Wedbush, a prominent U.S. securities firm, reported that demand for the new Blackwell chip remains strong.
Dan Ives, a renowned analyst at Wedbush, stated in the report that after visiting relevant companies, it was found that despite the recent DeepSeek shock in China, demand for NVIDIA’s Blackwell chips remains strong. This effectively dismissed concerns about DeepSeek’s impact on NVIDIA’s business.
Recently, NVIDIA had been riding high on expectations surrounding the Blackwell chip. Despite a slight decline, the company’s stock has risen approximately 5% over the past five trading sessions.