Delay of new chips could hurt Nvidia

Article Excerpt

NVIDIA CORP. $262 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 606.0 million; Market cap: $158.8 billion; Price-to-sales ratio: 14.5; Dividend yield: 0.2%; TSINetwork Rating: Average; www.nvidia.com) has shot up 75% in the past year. The company continues to see strong demand for its graphic chips outside of its traditional computer-gaming market. Those new uses include “mining,” or verifying, cryptocurrency transactions. However, the company recently postponed the launch of its new graphic chips. The stock is a favourite of momentum traders, so a longer-than-expected delay could prompt a big drop in the stock price. Nvidia is still a hold. hold…