What Is Going On With Nvidia Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) is in focus as Microsoft Corp (MSFT) and Alphabet Inc (GOOG, GOOGL) post strong quarterly results. Both companies highlighted the role of AI in their growth. A report suggests that Nvidia and OpenAI could collaborate on an AI model that can combine millions of GPUs. Nvidia has already supplied around 20,000 of its new AI GPUs to OpenAI for further expansion. Nvidia is also working with Taiwan Semiconductor Manufacturing Company Ltd (TSM) to increase supply.
July 26, 2023 | 2:46 pm
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POSITIVE IMPACT
Alphabet's strong Q2 results and focus on AI could boost investor confidence.
Alphabet's strong Q2 results and its focus on AI could positively impact its stock as it indicates the company's strong performance and future growth potential.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Microsoft's strong Q4 results and focus on AI could boost investor confidence.
Microsoft's strong Q4 results and its focus on leading the AI platform shift could positively impact its stock as it indicates the company's strong performance and future growth potential.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia's potential collaboration with OpenAI and its partnership with TSM to increase GPU supply could boost its position in the AI market.
The news of Nvidia's potential collaboration with OpenAI and its efforts to increase GPU supply with TSM could positively impact its stock as it indicates the company's growth potential in the AI market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TSM's partnership with Nvidia to increase GPU supply could boost its position in the semiconductor market.
The news of TSM's partnership with Nvidia to increase GPU supply could positively impact its stock as it indicates the company's growth potential in the semiconductor market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50