What's Going On Nvidia, AMD And Peer AI Chipmakers Stocks Thursday
Portfolio Pulse from Anusuya Lahiri
Nvidia, AMD, and peer AI chipmakers' stocks are trading lower amid reports of US legislation eliminating Section 230 immunity for AI companies, potentially allowing prosecution of social media companies for claims based on emerging generative AI technology.
June 15, 2023 | 2:45 pm
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NEGATIVE IMPACT
AMD's stock is trading lower due to potential elimination of Section 230 immunity for AI companies, which could impact the demand for their AI chips.
The potential elimination of Section 230 immunity for AI companies could lead to increased scrutiny and regulation of social media companies, which may impact the demand for AI chips from companies like AMD. This could negatively affect AMD's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet's stock may be impacted by potential elimination of Section 230 immunity for AI companies, as it could increase scrutiny and regulation of Google.
The potential elimination of Section 230 immunity for AI companies could lead to increased scrutiny and regulation of social media companies, including Google. This could negatively affect Alphabet's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Alphabet's stock may be impacted by potential elimination of Section 230 immunity for AI companies, as it could increase scrutiny and regulation of Google.
The potential elimination of Section 230 immunity for AI companies could lead to increased scrutiny and regulation of social media companies, including Google. This could negatively affect Alphabet's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Meta Platforms' stock may be impacted by potential elimination of Section 230 immunity for AI companies, as it could increase scrutiny and regulation of Facebook.
The potential elimination of Section 230 immunity for AI companies could lead to increased scrutiny and regulation of social media companies, including Facebook. This could negatively affect Meta Platforms' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Nvidia's stock is trading lower due to potential elimination of Section 230 immunity for AI companies, which could impact the demand for their AI chips.
The potential elimination of Section 230 immunity for AI companies could lead to increased scrutiny and regulation of social media companies, which may impact the demand for AI chips from companies like Nvidia. This could negatively affect Nvidia's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80