TradingKey – The Japanese government has announced plans to procure a large number of Nvidia’s Rubin chips, yet its stock price fell instead of rising.
According to Bloomberg a July 16 report, the Japanese government plans to procure 27,500 of Nvidia’s next-generation Rubin chips. However, the market reacted abnormally to the news, and Nvidia’s stock price fell instead of rising, dropping 1.37% in pre-market trading to temporarily stand at $209.58.
Nvidia stock price chart, Source: TradingView
It is reported that Rubin is a brand-new computing powerhouse designed to cope with next-generation ‘agentic programming’ and ‘physical AI’, equipped with next-generation HBM4 high-bandwidth memory. In addition, Rubin comprehensively surpasses…
