What's Going On With Nvidia Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) is expanding its partnership with Foxconn (HNHPF) to develop AI-powered data centers and robotics platforms. However, Wall Street analysts predict a negative impact on Nvidia due to the US embargo on China, which historically represents 20%-25% of NVDA's data center revenues. KeyBanc analyst John Vinh sees this as a long-term damage for NVDA, potentially presenting a ~$20 billion headwind. Bernstein analyst Stacy A. Rasgon and Raymond James analyst Srini Pajjuri, however, remain confident in the long-term Total Addressable Market (TAM), regardless of China's participation.
October 18, 2023 | 3:03 pm
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NEGATIVE IMPACT
Apple, as a key supplier to Nvidia, could potentially be indirectly affected by the US embargo on China.
As a key supplier to Nvidia, Apple could potentially be indirectly affected by the US embargo on China and its impact on Nvidia.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Foxconn's partnership with Nvidia for the development of AI-powered data centers and robotics platforms could be impacted by the US embargo on China.
The US embargo on China could impact Foxconn's partnership with Nvidia for the development of AI-powered data centers and robotics platforms.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's expansion of its partnership with Foxconn could be negatively impacted by the US embargo on China, which represents a significant portion of its data center revenues.
The US embargo on China could significantly impact Nvidia's revenues, as China historically represents 20%-25% of its data center revenues. This could potentially present a ~$20 billion headwind.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100