What's Going On With Nvidia Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp's stock is trading higher on Monday, despite broader indexes being slightly lower. The company hinted at DLSS 10 delivering full neural rendering and shared plans to power non-player characters using AI in gaming. AI startup Anthropic, a Nvidia partner, has chosen Amazon Web Services as its primary cloud provider in a deal worth up to $4 billion.
September 25, 2023 | 2:21 pm
News sentiment analysis
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NEGATIVE IMPACT
The Invesco QQQ Trust, Series 1 is trading slightly lower on Monday.
The broader market downturn is likely to have a negative impact on the Invesco QQQ Trust, Series 1.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 20
NEGATIVE IMPACT
The SPDR S&P 500 is trading slightly lower on Monday.
The broader market downturn is likely to have a negative impact on the SPDR S&P 500.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 20
POSITIVE IMPACT
Amazon Web Services, a subsidiary of Amazon, has been chosen by AI startup Anthropic as its primary cloud provider in a deal worth up to $4 billion.
The deal with Anthropic is likely to have a positive impact on Amazon's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia's stock is trading higher due to its advancements in AI and its partner Anthropic's deal with Amazon Web Services.
Nvidia's advancements in AI and its partner Anthropic's deal with Amazon Web Services are likely to have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100