Nvidia: His action continues his fall because of Donald Trump and Blackwell delays
The title of Nvidia fell by more than 2 % at the start of the session. As a reminder, Bloomberg reported on Monday evening that the Trump administration plans to strengthen the American restrictions on the export of semiconductors. The elected president wishes to limit the progress of China in the field of AI.
Nvidia continues her fall on the stock market, why?
According to BloombergDonald Trump seeks to sanction certain Chinese companies and restrict the possibilities of international companies to maintain semiconductor equipment. The strategy comes a month after The exit of Deepseek which had strongly rocked the American markets.
In the last five scholarship sessions, the NVIDIA action has lost more than 9 %. The drop occurs just before the publication of the results of the fourth quarter of the flea manufacturer, scheduled for Wednesday, February 26 after the closing of the markets.
On Friday, February 21, the NVIDIA action had dropped by 4 %, then an additional 3 %, on Monday, February 24. The fault of macroeconomic uncertainty around Trump's trade policy which feeds inflation fears and lowers the main stock market indices.
Nvidia investors received a note on Monday 24 February from analyst Mark Lipacis of the company Evercore ISI. The deployment of Nvidia's latest IA Blackwell fleas could be rejected. “Our checks suggest that the deployment of Blackwell was postponed in mid-2010, instead of the first half of 2025”he wrote.
Mark Lipacis specifies: “We think that some hyperscalers will probably report certain purchases from NVDA. However, many have noted that GPU NVDA's request still exceeds the supply, and in the absence of availability of the B100 Blackwell, the current NVDA solution, the H100 , would be bought instead. “ Despite these concerns, the expert maintains his recommendation for purchase on action.
Blackwell fleas are experiencing overheating problems and dysfunctions. The information Reported, last December, that the main customers of Nvidia reduced their orders to these concerns: Microsoft (MSFT), Amazon (Amzn), Google (Goog) and Meta (Meta). These companies alone bought nearly $ 44 billion in Nvidia GPU in 2024 according to an analysis by DA Davidson.
Wall Street analysts remain optimistic
Wall Street analysts, however, maintain their optimistic forecasts on the action before the conference on the results of the fourth quarter of Nvidia. And this despite the concerns around export controls, Deepseek and delays in the Blackwell flea.
Da Davidson's analyst Gil Luria considers that the possible delays of Blackwell are to be taken with tweezers. “As there is so much excess of demand for Blackwell, Nvidia rations orders, which may seem to be a production delay even if it is not one”he told Yahoo Finance in an email. The expert keeps a neutral rating and a price target of $ 135 on the NVIDIA action.
Monday evening February 24, William Stein of Truist Securities also talked about concerns around Blackwell in a note to investors: “Since Nvidia announced Blackwell during her GTC 2024 event, our contacts are talking about volume shipments as if they were still imminent, while waiting for an improvement in yield or a design challenge.” However, he specifies that “Nvidia remains the leader of the AI and the one to have.”
For the fourth quarter of Nvidia, analysts expect Nvidia to announce a profit per share adjusted up approximately 64 % compared to 2024, at $ 0.84. Reports speak of a turnover increasing by 73 %, with $ 38.2 billion.
