Nvidia Stock Falls Despite Citi Eases Fears Over AI Roadmap
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Nvidia Stock Falls Despite Citi Eases Fears Over AI Roadmap Nauman Khan Thu, July 9, 2026 at 2:37 PM EDT 1 min read NVDA This article first appeared on GuruFocus . Nvidia ( NASDAQ:NVDA ) shares fell about 1% on Thursday even after Citi said discussions with the chipmaker's investor relations team suggested its artificial intelligence product roadmap remains unchanged. Nvidia indicated reports pointing to delays for its next-generation Kyber platform do not reflect its current plans. The company also said its NVLink architecture unveiled at Computex remains intact. Nvidia added that co-packaged optics, a networking technology designed to improve data transfer efficiency, is already in production with Spectrum-X, with broader customer adoption expected to be discussed later this year. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator. Nvidia said customers using its Feynman platform in 2028 will be able to choose between co-packaged optics and copper-based NVLink connections. The company also expects demand to remain strong across hyperscalers, AI labs, enterprises, sovereign customers and emerging cloud providers. Nvidia said both open-source and proprietary AI models are likely to play important roles in future deployments. Citi also said Nvidia continues to target gross margins in the mid-70% range despite higher memory prices, supported by long-term supply agreements. The company reaffirmed plans to return 50% of cash flow to shareholders and said its recent $25 billion bond sale was intended to provide additional financial flexibility.
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