What's Going On With Nvidia Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NASDAQ:NVDA) stock is trading lower due to reports of Microsoft Corp (NASDAQ:MSFT) considering Advanced Micro Devices, Inc (NASDAQ:AMD) AI chips for its cloud computing clients. Despite this, analysts see strong demand for Nvidia's products, particularly in AI and data centers, and predict continued growth. Investors can gain exposure to Nvidia through EA Series Trust Strive U.S. Semiconductor ETF (NYSE:SHOC) and VanEck Semiconductor ETF (NASDAQ:SMH).
May 17, 2024 | 4:53 pm
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NEGATIVE IMPACT
Nvidia's stock is trading lower due to Microsoft's interest in AMD's AI chips, reflecting Nvidia's supply issues. However, analysts see strong demand for Nvidia's products, particularly in AI and data centers, predicting continued growth.
The news of Microsoft considering AMD's AI chips highlights Nvidia's supply issues, causing a short-term negative impact on its stock. However, strong demand for Nvidia's products in AI and data centers suggests potential for recovery.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Investors can gain exposure to Nvidia through the EA Series Trust Strive U.S. Semiconductor ETF, which may see short-term volatility due to Nvidia's stock dip.
The ETF's exposure to Nvidia may result in short-term volatility due to the recent dip in Nvidia's stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
VanEck Semiconductor ETF, which includes Nvidia, may experience short-term volatility due to Nvidia's stock dip.
The ETF's exposure to Nvidia may result in short-term volatility due to the recent dip in Nvidia's stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD's AI chips are being considered by Microsoft for its cloud computing clients, which could lead to increased demand and positive impact on AMD's stock.
Microsoft's interest in AMD's AI chips could lead to increased demand for AMD's products, positively impacting its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Microsoft's consideration of AMD's AI chips for its cloud computing clients could diversify its supply chain and mitigate risks associated with Nvidia's supply issues.
Microsoft's move to consider AMD's AI chips could help mitigate risks associated with Nvidia's supply issues, potentially benefiting its cloud computing services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70