What's Going On With Nvidia Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Nvidia continues to buy 'high bandwidth memory' (HBM) chips despite rising prices, contributing to a supply crisis for smaller market participants. SK Hynix and Samsung Electronics, who command 90% of the global HBM chip market, plan to double production despite losses due to supply glut. Nvidia and Advanced Micro Devices have requested samples of SK Hynix's next-generation HBM3E chips, indicating their importance in GPUs used in data centers and AI training. Micron Technology is sampling its HBM3 Gen 2 chip to close the gap with its Korean rivals.
July 31, 2023 | 1:05 pm
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AMD's request for samples of SK Hynix's next-generation HBM3E chips indicates its interest in these chips for use in data centers and AI training.
AMD's interest in the next-generation HBM3E chips could indicate potential improvements in its products, which could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Micron Technology is sampling its HBM3 Gen 2 chip to close the gap with its Korean rivals, indicating its competitive stance in the market.
Micron's move to sample its HBM3 Gen 2 chip shows its determination to compete in the market, which could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Nvidia's continued purchase of HBM chips despite rising prices indicates its commitment to meet GPU orders, potentially boosting investor confidence.
Nvidia's willingness to pay a premium for HBM chips shows its determination to meet its GPU orders, which could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Samsung Electronics plans to double HBM chip production and release its next-generation HBM3P chip later this year, indicating its competitive stance in the market.
Samsung's plans to increase production and release a next-generation chip could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100