Nvidia Stock Is Falling Tuesday - Here's Why
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) is facing a potential impact due to the US government's plans to halt shipments to China of advanced AI chips, including Nvidia's A800 and H800 chips. The embargo extends to several countries and blacklists Chinese chip designers. Meanwhile, Nvidia's partnership with Foxconn (HNHPF) and Apple Inc (AAPL) continues, with plans for AI and electric vehicles. Nvidia's shares traded lower by 6.08% at $432.96.
October 17, 2023 | 2:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nvidia's business could be impacted by the US embargo on AI chips to China, including Nvidia's A800 and H800 chips. Shares traded lower by 6.08%.
The US embargo on AI chips to China directly impacts Nvidia as it halts shipments of their A800 and H800 chips. This could potentially affect Nvidia's revenues and profitability, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple's partner, Foxconn, continues its partnership with Nvidia, with plans for AI and electric vehicles.
While Apple's partner Foxconn is continuing its partnership with Nvidia, the direct impact on Apple is not clear from the news. Therefore, the short-term impact on Apple's stock price is neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Foxconn's partnership with Nvidia continues, with plans for AI and electric vehicles. Foxconn subsidiary Ingrasys is experiencing a massive demand surge.
Foxconn's ongoing partnership with Nvidia and the high demand for its subsidiary Ingrasys' products could potentially boost its revenues and profitability, leading to a potential increase in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70