What's Going On With Nvidia Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp's stock is trading lower in line with broader indexes due to rising Treasury yields. China extends its Apple Inc iPhone ban in sensitive departments, marking retaliation against U.S. semiconductor technology sanctions. Several U.S. chipmakers, including Nvidia, had requested the U.S. government to soften its China policy due to their significant exposure to the country. Meanwhile, Asensus Surgical, Inc stock is rising after it partnered with Nvidia to accelerate the development of its Intelligent Surgical Unit.
September 07, 2023 | 3:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple Inc's iPhone ban in China's sensitive departments is extended, marking retaliation against U.S. semiconductor technology sanctions.
The extension of iPhone ban in China's sensitive departments is negatively impacting Apple Inc.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Nvidia's stock is trading lower due to rising Treasury yields and China's retaliation against U.S. semiconductor sanctions.
The rising Treasury yields and China's retaliation against U.S. semiconductor sanctions are negatively impacting Nvidia's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Invesco QQQ Trust, Series 1 is trading lower in line with the broader indexes due to rising Treasury yields.
The rising Treasury yields are negatively impacting Invesco QQQ Trust, Series 1.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SPDR S&P 500 is trading lower in line with the broader indexes due to rising Treasury yields.
The rising Treasury yields are negatively impacting SPDR S&P 500.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Asensus Surgical's stock is rising after it partnered with Nvidia to accelerate the development of its Intelligent Surgical Unit.
The partnership with Nvidia to accelerate the development of its Intelligent Surgical Unit is positively impacting Asensus Surgical's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100