What's Going On With Nvidia Stock Friday
Portfolio Pulse from Anusuya Lahiri
Nvidia stock gains attention due to the ChatGPT frenzy and reports of semiconductor makers ramping up manufacturing and consolidating tech partnerships in Japan. The stock has gained 120% YTD. Top semiconductor companies shared their transformation plans for Japan at a meeting in Tokyo. Japan's government will employ ¥1.3 trillion to support the pledges made by foreign chipmakers.
May 19, 2023 | 2:44 pm
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Nvidia benefits from the ChatGPT frenzy and semiconductor makers' expansion in Japan, with the stock gaining 120% YTD. Japan's government will support foreign chipmakers with ¥1.3 trillion.
Nvidia's stock is gaining attention due to the ChatGPT frenzy and the expansion of semiconductor manufacturing in Japan. The Japanese government's financial support for foreign chipmakers will likely boost the industry and create more opportunities for growth, positively impacting Nvidia's stock in the short term.
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