What's Going On With Nvidia Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp's stock traded higher on Wednesday, in line with broader indexes. Reports indicate that Microsoft Corp is reducing its orders for Nvidia's H100 AI Chips, which is viewed positively by industry sources. Huawei Technologies' HiSilicon chip design unit has begun shipping surveillance camera chips, bypassing U.S. export sanctions. Alibaba Group used Intel's newest central processors for chatbot technology. Nvidia expanded its strategic collaboration with Infosys Limited to help enterprises integrate generative AI into their businesses.
September 20, 2023 | 2:35 pm
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NEUTRAL IMPACT
Microsoft is reducing its orders for Nvidia's H100 AI Chips.
Microsoft's decision to reduce orders for Nvidia's chips may have an impact on its own operations, but the overall impact is unclear.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alibaba Group used Intel's newest central processors for chatbot technology.
Alibaba's use of Intel's processors for its chatbot technology is a positive development for the company, indicating a potential increase in its technological capabilities.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Infosys expanded its strategic collaboration with Nvidia to help enterprises integrate generative AI into their businesses.
Infosys' expanded collaboration with Nvidia is a positive development for the company, potentially leading to increased business opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Intel's newest central processors were used by Alibaba Group for chatbot technology.
Intel's processors being used by Alibaba Group is a positive sign for the company, indicating demand for its products.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Nvidia's stock traded higher despite Microsoft reducing orders for its H100 AI Chips. The company also expanded its collaboration with Infosys.
Nvidia's stock rose despite Microsoft reducing its orders, which is seen as a positive development. The expansion of its collaboration with Infosys is also a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Invesco QQQ Trust, Series 1 traded in line with Nvidia's stock.
Invesco QQQ Trust's performance is in line with Nvidia's, indicating a positive trend.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SPDR S&P 500 traded in line with Nvidia's stock.
SPDR S&P 500's performance is in line with Nvidia's, indicating a positive trend.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50