NVIDIA (NVDA) Faces Underperformance Amid Chip Market Shift

AI Summary

NVIDIA Corporation (NVDA) saw a 12% increase but underperformed against the VanEck Semiconductor ETF, which gained nearly 85%. Over the past month, NVDA shares slipped around 3%, as market focus shifted toward memory chips, benefiting companies like Micron Technology and Sandisk, both rising nearly 60%. Additionally, the price for NVIDIA's B200 compute peaked at $6.11 on May 30, dropping to $4.22 by June 21, indicating softer demand projections. The uncertainty over GPU supply and demand has left market participants cautious about future capacities.