What's Going On With Nvidia Stock On Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NASDAQ:NVDA) is trading higher on Thursday due to strong demand for its AI-related products. Nvidia, Apple, Qualcomm, and AMD have nearly fully booked TSMC's 3nm chip production until 2026. TSMC plans to increase 3nm production capacity. The U.S. government may add Russia to its semiconductor embargo list. Nvidia's stock has gained over 205% in the last 12 months. Investors can gain exposure to Nvidia through Vanguard Total Stock Market ETF (NYSE:VTI) and Vanguard Growth ETF (NYSE:VUG).
June 13, 2024 | 1:31 pm
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POSITIVE IMPACT
Apple has nearly fully booked TSMC's 3nm chip production until 2026, indicating strong future demand for its products.
Apple's booking of TSMC's 3nm chip production suggests strong future demand for its products, which is positive for its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
AMD has nearly fully booked TSMC's 3nm chip production until 2026, indicating strong future demand for its products.
AMD's booking of TSMC's 3nm chip production suggests strong future demand for its products, which is positive for its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Nvidia is trading higher due to strong demand for AI-related products and nearly fully booked TSMC 3nm chip production until 2026. The stock has gained over 205% in the last 12 months.
Nvidia's strong AI demand and nearly fully booked TSMC 3nm chip production are positive indicators for the company's future revenue and stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Qualcomm has nearly fully booked TSMC's 3nm chip production until 2026, indicating strong future demand for its products.
Qualcomm's booking of TSMC's 3nm chip production suggests strong future demand for its products, which is positive for its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
TSMC plans to increase 3nm production capacity, which could boost its revenue and stock performance.
TSMC's plan to increase 3nm production capacity is a positive indicator for its future revenue and stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Investors can gain exposure to Nvidia through Vanguard Total Stock Market ETF, which may benefit from Nvidia's strong performance.
Vanguard Total Stock Market ETF holds Nvidia, which has shown strong performance, potentially benefiting the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Investors can gain exposure to Nvidia through Vanguard Growth ETF, which may benefit from Nvidia's strong performance.
Vanguard Growth ETF holds Nvidia, which has shown strong performance, potentially benefiting the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60