Nvidia (NVDA) shares are in the spotlight Monday ahead of the artificial intelligence (AI) darling’s quarterly results later this week and following a report that said the company’s next-generation AI chips have encountered issues overheating in servers.
The AI chipmaker, which is due to release its results after the closing bell on Wednesday, is expected to announce that both revenue and profit grew more than 80% from a year ago, according to analysts’ consensus estimates. Investors will also be watching for updates on Nvidia’s Blackwell AI chip shipments, amid concerns that supply constraints could limit the upside of the company’s near-term outlook.
Blackwell chips could also come under further scrutiny after The Information reported on Sunday that they have encountered overheating problems when placed in server racks designed to hold up to 72 graphics processing unit (GPUs).
Nvidia shares were down 0.7% at $141 in late-morning trading Monday, after falling more than …