What's Going On With Nvidia Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) is benefiting from positive Q2 results and the AI boom. However, the company's high exposure to China, contributing 25% or $7.1 billion to its total sales in FY 2022, could be a concern amid escalating US-China tensions and potential chip export restrictions. Meanwhile, Apple Inc (AAPL) could face increased customer prices due to a production shift from China. Phillip Capital upgraded Nvidia's rating to Buy from Accumulate with a price target of $645.

August 28, 2023 | 5:38 pm
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NEGATIVE IMPACT
Apple's stock could be impacted by the company's production shift from China, which threatens to increase customer prices.
Apple's production shift from China could lead to increased customer prices, which could negatively impact the company's sales and, in turn, its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Nvidia's stock could be impacted by the escalating US-China tensions due to its high exposure to China. However, the company's recent upgrade by Phillip Capital could positively influence its stock.
Nvidia's high exposure to China could be a risk factor amid the escalating US-China tensions and potential chip export restrictions. However, the recent upgrade by Phillip Capital could have a positive impact on the stock, balancing out the potential negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90