What's Going On With Nvidia Stock On Friday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NASDAQ:NVDA) stock is experiencing volatility as it leads the AI race with advanced chips. CEO Jensen Huang will speak at Taiwan’s Computex event, where global chip company CEOs, including those from AMD, Intel, and TSM, will discuss AI prospects. The U.S. has issued a temporary embargo on exporting AI chips to the Middle East, affecting companies like Nvidia and AMD. Analysts see Nvidia as a key AI beneficiary, and its stock has gained over 192% in the last 12 months. Investors can gain exposure via Grizzle Growth ETF (NYSE:DARP) and SoFi Select 500 ETF (NYSE:SFY).
May 31, 2024 | 2:29 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD is affected by the U.S. embargo on AI chip exports to the Middle East. The company has significant exposure to these markets and is seen as trailing Nvidia in the AI race.
AMD's exposure to the Middle East markets and the U.S. embargo could negatively impact its sales. Additionally, analysts see AMD as trailing Nvidia in the AI race.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
NEUTRAL IMPACT
Intel is participating in the Computex event to discuss AI prospects. The company is part of the broader discussion on AI but is not directly impacted by the U.S. embargo on AI chip exports.
Intel's participation in the Computex event highlights its involvement in AI discussions. However, it is not directly impacted by the U.S. embargo on AI chip exports.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Jim Cramer expects Nvidia to surpass Microsoft's market capitalization due to its AI, cloud computing, and data center strengths. This comparison highlights Nvidia's growth potential.
The mention of Microsoft is in the context of a comparison with Nvidia's growth potential. This does not directly impact Microsoft's stock price in the short term.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Nvidia stock is volatile as it leads the AI race. CEO Jensen Huang will speak at Computex. The U.S. embargo on AI chip exports to the Middle East impacts Nvidia. Analysts see Nvidia as a key AI beneficiary.
Nvidia is directly impacted by the U.S. embargo on AI chip exports to the Middle East, which could affect its sales. However, its leadership in AI and positive analyst outlooks provide a counterbalance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Nvidia through the Grizzle Growth ETF (DARP). The ETF's performance may be influenced by Nvidia's stock movements.
The Grizzle Growth ETF includes Nvidia, and its performance may be positively influenced by Nvidia's stock movements.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 20
POSITIVE IMPACT
Investors can gain exposure to Nvidia through the SoFi Select 500 ETF (SFY). The ETF's performance may be influenced by Nvidia's stock movements.
The SoFi Select 500 ETF includes Nvidia, and its performance may be positively influenced by Nvidia's stock movements.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 20
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co (TSM) is hosting the Computex event where global chip company CEOs will discuss AI prospects. This highlights TSM's central role in the semiconductor industry.
TSM's role as the host of Computex and its central position in the semiconductor industry could positively impact its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 40