Author blames H20 ban and Blackwell delays for NVDA's midyear miss but expects those headwinds to wash out next year.
NVDA — LONG The author explains NVDA missed reaching $240 by midyear due to the surprise H20 ban and severe Blackwell delays, which created a backlog as buyers awaited Blackwell. They expect these issues to wash out next year, putting NVDA back on schedule.
The H20 ban was a surprise (and clearly a mistake), should never have happened. There were horrendous blackwell delays, if you don't know about them you need to read more. It created a situation where everyone was waiting for blackwell and stopped buying hopper but couldn't get blackwell, absolutely insane backlog. This all washes next year though and we'll get back on schedule.