Nvidia (NVDA) and Advanced Micro Devices (AMD) shares lost ground Wednesday, after a tough stretch for the chip stocks with a global sell-off earlier in the week and reported delays in the launch of Nvidia’s new Blackwell chip.

However, recent losses could offer a "tremendous opportunity" for investors to buy the dip, with both chipmakers expected to benefit from the artificial intelligence (AI) boom, Piper Sandler analysts said according to .

Nvidia told Investopedia Tuesday that Blackwell production is "on track" to ramp in the second half of the year, adding, "beyond that, we don't comment on rumors.”

Piper Sandler analysts said they interpreted the company's comments to mean Nvidia "is not anticipating any meaningful impact or delays to the timing of its Blackwell chip."

The analysts said that if the Blackwell ramp is delayed, it could have a roughly $1 billion impact on the October quarter and a between $2 billion and $3 billion effect on the January quarter.

Nvidia may provide additional information about the reported delays in its earnings report set for Aug. 28.

Piper Sandler analysts called AMD a "top pick" for AI investors, highlighting its potential to gain as well, citing its product leadership, possible benefit from a Blackwell delay, and positioning to gain from Intel's (INTC) recent challenges.

AMD could grow to hold a larger share of the accelerator market in the coming years, the analysts said, as it gains on competitors.

Shares of Nvidia finished 5.1% lower at $98.95 Wednesday, while AMD lost 1.2% to $128.67. However, even with Wednesday's losses, Nvidia shares have nearly doubled in value since the start of the year. AMD shares were down close to 13% over the same period.

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Major U.S. indexes climbed to fresh highs Friday as a reading on wholesale inflation came in lower than expected, and banks kicked off earnings season with strong results. The Dow and S&P 500 hit all-time highs, while the Nasdaq also gained.

JPMorgan Chase (JPM) shares surged after the financial giant reported a jump in net interest income (NII). Shares of Wells Fargo (WFC) also climbed as the bank posted better-than-expected profit on higher fees.

Fastenal (FAST) shares were higher after the maker of fasteners and other industrial supplies reported growing revenue even as disruptions caused by Hurricane Helene cut into sales.

Tesla (TSLA) shares sank after the electric vehicle (EV) maker’s Cybercab and Robovan unveiling Thursday failed to impress investors. However, the news lifted shares of Uber Technologies (UBER) and Lyft (LYFT), which are working on their own autonomous vehicles. 

Shares of Stellantis (STLA) slumped after the automaker announced it was shaking up its management team, including the ouster of its CFO.

A.O. Smith (AOS) shares tumbled as the maker of water heaters and boilers cut its forecast on lower demand in North America and China.

Oil futures fell and gold prices rose. The yield on the 10-year Treasury note edged lower. The U.S. dollar rose versus the yen, but lost ground to the euro and pound. Most major cryptocurrencies traded in the green.

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Social media user has humorously claims ‘10 inch3s is just a fairy tale’

She said 10inches does not exist, there’s no way a m%n’s d#ck can be that long.

 

Five Confirmed De@d, Others Inj¥red In Billiri, Gombe As Truck Pl%ughs on Easter Celebrants

A devastating incident occurred on Monday in Billiri, Gombe State, where an articulated truck loaded with goods veered into a group of Easter celebrants, resulting in multiple f+talities and inj¥ries.

The tragic event unfolded along Tashan Gona as the group was returning from a mountain prayer gathering. Eyewitnesses reported that several individuals were k+lled instantly, with some victims reportedly cr+shed beyond recognition. Many others sustained varying degrees of inj¥ries and were rushed to nearby medical facilities for treatment.

In the aftermath, tensions escalated as irate youths set the truck abl+ze. The driver of the vehicle fled the scene and sought refuge at the Billiri police station. Most of the victims were said to be children and youths who had participated in the prayer gathering.

Confirming the development, the Police Public Relations Officer, Abdullahi Buhari, stated that five persons were confirmed d+ad and several others inj¥red

“We recorded an acc+d£nt at Billiri Local Government after a truck conveying goods from parts of Taraba lost control in Billiri. Five persons have been confirmed d+ad, while others who are inj¥red are undergoing treatment at different hospitals,” he told SaharaReporters.

This incident has cast a pall over the Easter celebrations in the region, highlighting concerns about road safety and the protection of citizens during public gatherings.

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