What's Going On With Nvidia Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp has placed orders for AI processors designed for the Chinese market with Taiwan Semiconductor Manufacturing Company, with production starting in Q1 2024. Due to U.S. restrictions, Nvidia faces challenges in selling its advanced AI chips in China, and plans to release new GPUs that comply with performance limits. Chinese chip designers are emerging as competitors in the AI chip market, where Nvidia holds a 90% share. NVDA shares were up 0.91% in premarket trading.
December 14, 2023 | 12:17 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Nvidia is adapting to U.S. restrictions by ordering China-specific AI processors and planning new GPU releases, while facing increased competition in China.
Nvidia's stock may experience short-term volatility due to the regulatory challenges and competition in China, but the premarket uptick suggests a neutral to slightly positive investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TSMC will be producing AI processors specifically for Nvidia's Chinese market, with production starting in Q1 2024.
The order from Nvidia could be seen as a positive development for TSMC, indicating potential revenue growth from this new business.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70