NVIDIA’s highly anticipated Blackwell AI chip, designed for advanced artificial intelligence applications, is facing overheating challenges that have forced the company to delay its launch until 2024. The chip, initially expected to hit the market in late 2023, has encountered thermal issues during testing, prompting NVIDIA to redesign the cooling system. This setback has raised concerns among investors, leading to a decline in NVIDIA’s share price. The company’s stock fell by as much as 4.5% in after-hours trading following the announcement. NVIDIA remains confident in its ability to address the overheating problem and deliver a groundbreaking AI chip that will power the next generation of AI systems. However, the delay highlights the complexities involved in developing cutting-edge hardware for AI applications and the intense competition in this rapidly evolving field.
Source: https://www.businessinsider.com/nvidia-blackwell-chip-ai-overheating-delay-share-price-2024-11