What's Going On With Nvidia Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp's stock is trading higher despite U.S. Chips Act policies against China and competition from Huawei's Kirin 9000s processor. China, including Hong Kong, accounted for over 20% of Nvidia's sales in its latest financial year, while Taiwan represented more than 25%. Meanwhile, Alphabet Inc's Google denied reports of replacing Broadcom Inc as a supplier of artificial intelligence chips.
September 22, 2023 | 2:15 pm
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NEUTRAL IMPACT
Broadcom remains a supplier of artificial intelligence chips for Google, despite reports suggesting otherwise.
Broadcom remaining a supplier of AI chips for Google, despite reports suggesting otherwise, indicates a continued partnership. This could provide stability for Broadcom's business.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Google denied reports of replacing Broadcom as a supplier of artificial intelligence chips.
Google's denial of reports about replacing Broadcom as a supplier of AI chips shows its continued partnership with Broadcom. This could maintain stability in Google's AI operations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet Inc's Google denied reports of replacing Broadcom as a supplier of artificial intelligence chips.
Alphabet's Google denying reports about replacing Broadcom as a supplier of AI chips shows its continued partnership with Broadcom. This could maintain stability in Google's AI operations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia's stock is trading higher despite regulatory challenges and competition. China and Taiwan are significant markets for Nvidia.
Nvidia's stock is trading higher despite the U.S. Chips Act policies against China and competition from Huawei. This shows investor confidence in the company's ability to navigate these challenges. Additionally, China and Taiwan are significant markets for Nvidia, contributing to over 45% of its sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100