What's Going On With Nvidia Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp's stock is trading higher despite the potential emergence of Advanced Micro Devices, Inc and Intel Corp as significant beneficiaries of the AI market. Analyst Ming-Chi Kuo predicts that AMD's AI chip shipments for 2024 will be about 10% of Nvidia's, potentially rising to 30% or more in 2025 if partnerships with Microsoft Corp, Meta Platforms Inc, and Alphabet Inc hold. BofA analyst Alkesh Shah expects Nvidia's AI strategy to drive new revenue streams and maintain a 65%+ market share in the long term.
October 12, 2023 | 5:31 pm
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POSITIVE IMPACT
AMD's AI chip shipments for 2024 could be about 10% of Nvidia's, potentially rising to 30% or more in 2025 if partnerships with Microsoft Corp, Meta Platforms Inc, and Alphabet Inc hold.
The news mentions AMD as a potential competitor to Nvidia in the AI market. If partnerships with major tech companies hold, AMD's AI chip shipments could significantly increase, which is positive for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intel Corp is mentioned as a potential beneficiary of the AI market, alongside Nvidia and AMD.
The news mentions Intel as a potential beneficiary of the AI market, alongside Nvidia and AMD. This suggests potential growth in Intel's AI business, which is positive for the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Despite potential competition, Nvidia's stock is trading higher. Analysts predict new revenue streams from Nvidia's AI strategy and expect it to maintain a 65%+ market share in the long term.
The news is directly about Nvidia and its position in the AI market. Despite potential competition, analysts predict that Nvidia's AI strategy will drive new revenue streams and help it maintain a significant market share, which is positive for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100