What's Going On With Nvidia Stock Today?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp's stock is trading higher as the U.S. prepares to implement another round of semiconductor technology sanctions on China. Many U.S. chip firms, including Nvidia, generate over 20% of their revenue from China. Nvidia and other chipmakers are urging the U.S. government to soften its China policy. Nvidia's revenue in the data center segment has soared from $339 million in fiscal 2016 to over $15 billion last year, bolstered by the launch of OpenAI’s AI chatbot ChatGPT. Nvidia GPUs are extensively used in AI and data centers of tech giants like Alphabet Inc, Microsoft Corp, and Amazon.Com, Inc.
October 06, 2023 | 4:42 pm
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POSITIVE IMPACT
Nvidia's stock is trading higher as the company's revenue in the data center segment has significantly increased. The company's GPUs are extensively used in AI and data centers of tech giants, which could further boost its performance.
The news about the U.S. preparing for new tech sanctions on China and Nvidia's increased revenue in the data center segment is likely to have a positive impact on the company's stock. The extensive use of Nvidia's GPUs in AI and data centers of tech giants could further boost its performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon.Com, Inc uses Nvidia's GPUs in its AI and data centers, which could potentially impact the company's operations.
The news about Nvidia's GPUs being extensively used in Amazon's AI and data centers could potentially impact the company's operations. However, the exact impact on the company's stock is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet Inc's Google uses Nvidia's GPUs in its AI and data centers, which could potentially impact the company's operations.
The news about Nvidia's GPUs being extensively used in Google's AI and data centers could potentially impact the company's operations. However, the exact impact on the company's stock is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft Corp uses Nvidia's GPUs in its AI and data centers, which could potentially impact the company's operations.
The news about Nvidia's GPUs being extensively used in Microsoft's AI and data centers could potentially impact the company's operations. However, the exact impact on the company's stock is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50