Why Are Nvidia And AMD Stock Trading Lower Tuesday?
Portfolio Pulse from Anusuya Lahiri
Nvidia (NVDA) and AMD (AMD) stocks are trading lower following the Netherlands' decision to block exports of specific lithography systems to China, which are crucial for advanced microprocessor production. This aligns with U.S. export restrictions. ASML's export license revocation and U.S. restrictions are not expected to affect its 2023 financial projections. Nvidia introduced the GeForce RTX 4090 D to comply with U.S. export controls and delayed the launch of three new AI chips for China. AMD plans to launch the Radeon RX 7600 XT graphics card on January 22. NVDA shares dropped by 1.05% and AMD by 2.45% in premarket trading.
January 02, 2024 | 2:09 pm
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NEGATIVE IMPACT
AMD's stock is trading lower following the Netherlands' decision to block exports of specific lithography systems to China, which may affect chip production. AMD is set to launch the Radeon RX 7600 XT graphics card.
AMD's stock may face short-term negative impact due to the Netherlands' export restrictions potentially affecting its production capabilities, despite the upcoming launch of the Radeon RX 7600 XT.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's stock is trading lower due to the Netherlands' export restrictions to China, affecting chip production. Nvidia adapts with the GeForce RTX 4090 D and delays in AI chip launches for China.
Nvidia's stock is likely to be negatively impacted in the short term due to the Netherlands' export restrictions, which could disrupt its dominant position in China's AI chip market and delay product launches.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90