What's Going On With Nvidia Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) is expected to get relief from supply chain pressure as Samsung Electronics Co (SSNLF) has reportedly won the contract to supply advanced memory chips to Nvidia. This development could lead to improved cost-efficiency, enhanced performance, and a more consistent supply chain for Nvidia. Citigroup analysts have raised their price target for Samsung, reflecting the positive outlook on Samsung's trajectory as a critical supplier for Nvidia's memory requirements.
September 01, 2023 | 11:19 am
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POSITIVE IMPACT
Nvidia's supply chain issues may be resolved with Samsung supplying advanced memory chips, potentially improving cost-efficiency and performance.
The news of Samsung supplying advanced memory chips to Nvidia is directly related to Nvidia's operations and could potentially resolve its supply chain issues, leading to improved cost-efficiency and performance. This is likely to have a positive impact on Nvidia's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Samsung's contract to supply advanced memory chips to Nvidia could position it as a significant player in HBM3 supply, potentially boosting its share price.
Samsung's contract to supply advanced memory chips to Nvidia could position it as a significant player in HBM3 supply. This, coupled with Citigroup analysts raising their price target for Samsung, could potentially boost its share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nvidia's supply issues could have created opportunities for Advanced Micro Devices, but with Samsung stepping in to supply memory chips, this may no longer be the case.
Nvidia's supply issues could have created opportunities for Advanced Micro Devices. However, with Samsung stepping in to supply memory chips to Nvidia, these opportunities may be limited, potentially having a negative impact on AMD's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50