What's Going On With Nvidia Stock On Friday?
Portfolio Pulse from Shivani Kumaresan
NVIDIA Corporation (NASDAQ:NVDA) is trading lower today following a downgrade from New Street Research analyst Pierre Ferragu. Additionally, EU competition chief Margrethe Vestager has highlighted a significant bottleneck in Nvidia AI chip supply, though no regulatory actions have been taken yet. Nvidia's GPUs are crucial for data centers, securing over 80% market share. The stock has gained over 202% in the last 12 months, and investors can gain exposure through SPDR S&P 500 (NYSE:SPY) and iShares Core S&P 500 ETF (NYSE:IVV).
July 05, 2024 | 5:41 pm
News sentiment analysis
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NEGATIVE IMPACT
iShares Core S&P 500 ETF (NYSE:IVV) could see minor fluctuations due to Nvidia's stock movement, given Nvidia's significant weight in the index.
Nvidia's stock movement can impact IVV due to its significant weight in the index, leading to minor fluctuations.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
NVIDIA Corporation (NASDAQ:NVDA) is trading lower today due to a downgrade from New Street Research and concerns over a bottleneck in AI chip supply highlighted by EU regulators.
The downgrade from New Street Research and the EU's concerns about a bottleneck in Nvidia's AI chip supply are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
SPDR S&P 500 ETF (NYSE:SPY) may experience minor fluctuations due to Nvidia's stock movement, given Nvidia's significant weight in the index.
Nvidia's stock movement can impact SPY due to its significant weight in the index, leading to minor fluctuations.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Advanced Micro Devices Inc. (NASDAQ:AMD) could see indirect benefits as Nvidia faces scrutiny over its dominant market position in AI chips.
As Nvidia faces potential regulatory scrutiny, competitors like AMD could benefit from any market share shifts or increased demand for alternative AI chips.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Intel Corp. (NASDAQ:INTC) may experience indirect benefits as Nvidia's AI chip supply bottleneck and regulatory scrutiny could shift demand towards Intel's offerings.
Intel could see increased demand for its AI chips as Nvidia deals with supply bottlenecks and potential regulatory actions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50