Nvidia’s Stock Takes a Two-Front Hit From Korean Liquidity and a Denied Chip Rumor
Published on 07/08/2026 at 10:42 | Redaktion boerse-global.de
The slide in Nvidia shares this week tells a story that goes well beyond a single product rumor. While headlines have focused on speculation about a delay in the company’s next-generation Kyber rack system, the actual selling pressure owed as much to a sudden liquidity crisis in South Korea as it did to any roadmap anxiety. The combination sent the stock to €171.72 on Tuesday, a 0.45% slip from the prior close of €172.50.
The South Korean KOSPI index tumbled nearly 5% on Tuesday as a margin cascade forced brokers to liquidate positions. Investors holding highly liquid names like Nvidia found themselves in the crosshairs, compelled to sell even fundamentally sound holdings to meet capital calls. The forced selling temporarily overwhelmed any positive reaction from Nvidia’s swift denial of the Kyber delay report.
That denial came after CNBC reported on July 5 that the Kyber NVL144 rack system — designed to link multiple GPUs for large-scale AI training and inference — faced manufacturing issues that could push its arrival to 2028. Nvidia countered that development of the Kyber platform remains on schedule, and the company is already preparing to ship base Rubin systems to eight major cloud clients this autumn. The clarification briefly lifted the stock by more than 1%, but the broader macro pressure capped any recovery.
Amid the noise, Goldman Sachs stepped in with a valuation call. Nvidia now trades at roughly 21.7 times expected earnings — close to the S&P 500’s average and well below its own five-year median of 72 times. The bank’s analysts argue that the current multiple fails to price in the explosive growth in AI infrastructure spending, which they see rising from $650 billion this year to $1 trillion next year. Goldman describes the valuation as compelling for long-term investors.
Should investors sell immediately? Or is it worth buying Nvidia?
The technical picture remains mixed. Nvidia sits roughly 5% below its 50-day moving average of €180.82, and the monthly loss stands at 5.13%. Still, the 200-day line at €164.41 offers a solid floor, and the relative strength index of around 44-45 signals neutral territory — neither oversold nor overheated.
Looking past the short-term turbulence, Nvidia is speeding up its core product cycle. The Rubin architecture, originally slated for 2027, is now expected to arrive nearly two quarters earlier, underscoring the company’s aggressive R&D push against rivals like AMD and in-house chips from cloud hyperscalers. The Kyber platform, which follows Rubin, remains a key piece of the roadmap but is still in development.
Beyond the data-center turf war, Nvidia is extending its reach into national infrastructure and even space. The company is positioning its technology for state-backed AI factories, with projects already underway in France, India and Brazil. At the same time, well over 220,000 Nvidia chips are reportedly deployed in SpaceX’s orbital data centers, signaling a growth vector far beyond terrestrial computing.
Nvidia at a turning point? This analysis reveals what investors need to know now.
The next major inflection point for investors comes on August 26, 2026, when Nvidia reports fiscal second-quarter earnings. Until then, the stock will likely remain hostage to competing narratives — a short-term tug-of-war between macro liquidation, product-cycle jitters, and a valuation that at least one Wall Street heavyweight finds too tempting to ignore.
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