What's Going On With Nvidia Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) and semiconductor ETFs with significant exposure to Nvidia, like VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX), are trading higher following Intel Corp's (INTC) upbeat Q2 results. Intel's AI chip sales pipeline is reported to be $1 billion. Nvidia supplier Taiwan Semiconductor Manufacturing Company Ltd (TSM) has inaugurated a massive R&D facility in Taiwan and committed $40 billion to build a chip factory in Arizona. Nvidia, along with Intel, has sizable exposure to China.
July 28, 2023 | 1:50 pm
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POSITIVE IMPACT
Intel's stock may see positive movement following its upbeat Q2 results.
Intel's upbeat Q2 results are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia's stock is trading higher following Intel's positive Q2 results and the inauguration of a massive R&D facility by Nvidia supplier TSM.
Nvidia's stock is likely to be positively impacted by Intel's upbeat Q2 results and the inauguration of a massive R&D facility by Nvidia supplier TSM. This shows a positive outlook for the semiconductor industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VanEck Semiconductor ETF (SMH) is trading higher following Intel's positive Q2 results.
SMH, which has significant exposure to Nvidia, is likely to be positively impacted by Intel's upbeat Q2 results, indicating a positive outlook for the semiconductor industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares Semiconductor ETF (SOXX) is trading higher following Intel's positive Q2 results.
SOXX, which has significant exposure to Nvidia, is likely to be positively impacted by Intel's upbeat Q2 results, indicating a positive outlook for the semiconductor industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TSM's stock may see positive movement following the inauguration of its massive R&D facility.
The inauguration of TSM's massive R&D facility indicates a positive outlook for the company, which may positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80