What's Going On With Nvidia Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp and peers, including Advanced Micro Devices, Inc, got a boost from Arm Holdings plc's initial public offering. Arm raised $4.87 billion from 95.5 million American depositary shares at $51.00 per ADS. Nvidia had pursued the takeover of the British chipmaker before it succumbed to regulatory opposition. Separately, Starfield is now available on Nvidia's GeForce Now, marking the first big test for Nvidia's 10-year deal with Microsoft that gives it the right to stream Xbox games via GeForce Now. Nvidia, the trillion-dollar chip designer stock, has gained 218% YTD.
September 14, 2023 | 2:06 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Alibaba Group Holding Ltd's new CEO, Eddie Wu, emphasized an AI-first approach prioritizing AI-driven tech businesses.
The news about Alibaba's new CEO emphasizing an AI-first approach is not directly related to the main news about Nvidia and Arm's IPO, but it shows the company's strategic direction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 20
POSITIVE IMPACT
Advanced Micro Devices, Inc, along with Nvidia, got a boost from Arm's IPO.
The news about Arm's IPO is a positive development for AMD as it is mentioned along with Nvidia as getting a boost from this event.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Arm Holdings plc raised $4.87 billion from its initial public offering.
The news about Arm's successful IPO, raising $4.87 billion, is a positive development for the company.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nvidia's stock got a boost from Arm's IPO and the company's GeForce Now started streaming Starfield, marking the first big test for its 10-year deal with Microsoft. The stock has gained 218% YTD.
The news about Arm's IPO and the start of Starfield streaming on GeForce Now are positive developments for Nvidia. The company's stock has also shown strong performance with a 218% gain YTD.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100