What's Going On With Nvidia Stock Thursday
Portfolio Pulse from Anusuya Lahiri
Nvidia CEO Jensen Huang expressed confidence in the company's dependence on Taiwan for chip manufacturing and plans to diversify by sourcing from TSMC's Arizona fab. Nvidia's stock lost 6% on Wednesday due to profit-taking but traded higher by 1.75% on Thursday.
June 01, 2023 | 1:42 pm
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POSITIVE IMPACT
Nvidia CEO's confidence in Taiwan chip manufacturing and diversification plans may boost investor sentiment. The stock traded higher by 1.75% on Thursday after a 6% loss on Wednesday.
Nvidia's CEO expressing confidence in their dependence on Taiwan for chip manufacturing and plans to diversify by sourcing from TSMC's Arizona fab may positively impact investor sentiment. The stock rebounded by 1.75% on Thursday after a 6% loss on Wednesday, indicating a potential short-term positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia's plans to diversify by sourcing from TSMC's Arizona fab may strengthen their partnership and benefit TSMC.
Nvidia's plans to diversify by sourcing from TSMC's Arizona fab may strengthen their partnership and benefit TSMC in the long run. This news may have a positive short-term impact on TSMC's stock as it indicates a continued and potentially expanded relationship with Nvidia.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80