BREAKING NEWS
Wedbush Analyst Dan Ives: NVIDIA Chips Remain in High Demand, Supply Shortage Continues
In a surprise statement, Dan Ives, a renowned analyst at Wedbush Securities, has declared that the chip supply shortage affecting NVIDIA (NVDA) has not changed fundamentally, and demand continues to far outstrip supply. This news is likely to send shockwaves through the tech industry, where investors have been eagerly awaiting a resolution to the supply chain crisis.
Demand Remains Insatiable
According to Ives, the insatiable demand for NVIDIA chips shows no signs of abating, with the company’s products remaining in high demand across various industries, including gaming, AI, and datacenter applications. The analyst believes that the current supply shortage is unlikely to be resolved in the near term, citing the complex global supply chain and ongoing production constraints.
No Relief in Sight
In a statement, Ives emphasized that the shortage is not a temporary phenomenon and that NVIDIA’s chip demand is unlikely to decrease anytime soon. "The fundamentals of the chip supply shortage have not changed," Ives said. "Demand remains extremely strong, and we do not see any relief on the horizon."
Impact on NVIDIA Stock
The news is likely to have a significant impact on NVIDIA’s stock price, which has been under pressure in recent months due to the supply shortage. Investors will be keenly watching the company’s quarterly earnings report, expected in the coming weeks, to gauge the extent of the supply chain disruption and its impact on the company’s financial performance.
What’s Next for NVIDIA?
As the chip shortage continues to plague NVIDIA, the company is likely to focus on increasing its production capacity and diversifying its supply chain to mitigate the risk of future disruptions. Investors will be watching the company’s efforts to develop alternative manufacturing partnerships and enhance its supply chain resilience.
Related News and Trends
- NVIDIA’s Chip Supply Shortage: What You Need to Know [ARTICLE]
- Why Is NVIDIA’s Chip Supply So Low? [EXPLAINER]
- Will the Chip Shortage Impact NVIDIA’s Earnings? [ANALYSIS]
- NVIDIA’s Efforts to Diversify Supply Chain [NEWS]
Keywords and Tags
- NVIDIA
- Chip shortage
- Supply chain disruption
- Demand and supply imbalance
- Wedbush Securities
- Dan Ives
- Tech industry
- Gaming
- AI
- Datacenter applications
- Quarterly earnings report
- Stock price
- Supply chain resilience
- Manufacturing partnerships
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Dan Ives appeared today on Bloomberg.
Hold on to your shares or buy the dip. The fundamentals are strong on NVDA, anything else is just noise.
https://www.bloomberg.com/news/videos/2024-09-04/bloomberg-brief-09-04-2024
View info-news.info by Phil_London
Absolutely agree.. minor correction followed by a rip..
Just be patient.. this stuff takes weeks to unfold
I’m buying daily as long as I have cash