Why NVIDIA Stock Gained Today
Portfolio Pulse from Ryan Gustafson
NVIDIA Corporation (NVDA) shares traded higher following a report suggesting the company will make Arm-based PC chips, which could challenge Intel (INTC). The CPUs will incorporate technology from Arm Holdings (ARM), an initiative which coincides with Microsoft's (MSFT) plan to assist chip companies create Windows PCs using Arm-based processors. Advanced Micro Devices, Inc. (AMD) and Apple Inc. (AAPL) are also leveraging Arm-based chips. Microsoft has been promoting the use of exclusivity deals to curb reliance on Intel.
October 23, 2023 | 8:33 pm
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POSITIVE IMPACT
NVIDIA's shares traded higher following the news of Arm-based PC chips development.
The news of NVIDIA developing Arm-based PC chips is directly related to the company and is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple is leveraging Arm-based chips.
While the news is relevant to Apple, it's not clear how it will directly impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
AMD intends to pursue Arm-based chips for PCs.
While the news is relevant to AMD, it's not clear how it will directly impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Microsoft is assisting chip companies in creating Windows PCs using Arm-based processors.
While the news is relevant to Microsoft, it's not clear how it will directly impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Intel faces potential challenges from NVIDIA, Microsoft, AMD, and Apple in the PC chips market.
The news of other companies developing Arm-based PC chips could pose a threat to Intel's dominance in the market, potentially negatively impacting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80