What's Going On With Nvidia Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) stock is trading lower amid reports of the U.S. intensifying its semiconductor technology sanctions against China. The U.S. is reportedly closing the leeway that helped Chinese companies access American AI chips. Nvidia supplier Taiwan Semiconductor Manufacturing Company Ltd (TSM) is seeking permanent approval for shipment of U.S. chip equipment to its facility in Nanjing. BofA analyst Vivek Arya reiterated Nvidia as a top pick with a price target of $650 following its updated product pipeline.
October 13, 2023 | 4:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nvidia's stock is trading lower due to the U.S. intensifying its semiconductor technology sanctions against China. However, BofA analyst Vivek Arya reiterated Nvidia as a top pick with a price target of $650.
The U.S. sanctions against China are likely to impact Nvidia's business operations, causing the stock to trade lower. However, the positive analyst rating from BofA could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Taiwan Semiconductor Manufacturing Company Ltd (TSM) is seeking permanent approval for shipment of U.S. chip equipment to its facility in Nanjing amid intensifying U.S.-China tensions.
The U.S.-China tensions could potentially impact TSM's operations. However, the company is seeking permanent approval for shipment of U.S. chip equipment, which could potentially mitigate some of the impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Intel Corp (INTC) could potentially partner with Nvidia on its 18A process.
The potential partnership with Nvidia could potentially benefit Intel's business operations and positively impact its stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30