What's Going On With Nvidia Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp plans to introduce three new chips in China, despite recent U.S. restrictions on selling advanced AI and gaming chips to Chinese companies. Nvidia has lost significant orders to Huawei and other domestic firms due to these restrictions. However, Nvidia's shares traded higher by 1.83% in premarket trading.
November 09, 2023 | 2:25 pm
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NEUTRAL IMPACT
Alibaba Group was among the companies that Nvidia lost orders from due to U.S. restrictions.
Alibaba's decision to not place orders with Nvidia is a direct result of the U.S. restrictions. This could potentially impact Alibaba's relationship with Nvidia in the future.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Baidu Inc recently placed a sizeable artificial intelligence chip order with Huawei, instead of Nvidia, due to U.S. restrictions.
Baidu's decision to place a large AI chip order with Huawei instead of Nvidia is a direct result of the U.S. restrictions. This could potentially impact Baidu's relationship with Nvidia in the future.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia plans to introduce three new chips in China, despite U.S. restrictions. The company's shares traded higher by 1.83% in premarket trading.
Despite recent U.S. restrictions, Nvidia is planning to introduce new chips in China. This move could potentially help the company regain some of the market share it lost to domestic firms like Huawei. The market reacted positively to this news, with Nvidia's shares trading higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100