What's Going On With Nvidia And AMD Stocks On Thursday?
Portfolio Pulse from Anusuya Lahiri
Chip stocks, including Nvidia (NVDA) and AMD (AMD), saw a brief recovery in Thursday's premarket session after a significant selloff on Wednesday. The sector was impacted by the Biden administration's semiconductor policies against China and Donald Trump's remarks against TSM. However, TSM's strong quarterly results provided a boost. Nvidia is highlighted as a key AI beneficiary with significant market share and pricing power.
July 18, 2024 | 3:33 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
TSM's strong quarterly results provided a boost to chip stocks. The company reported significant revenue growth and expects further growth in the next quarter.
TSM's strong quarterly results and positive outlook provided a boost to the semiconductor sector, despite broader market concerns.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Amazon (AMZN) is a significant customer of Nvidia, contributing to over 40% of its revenue. This relationship underscores Nvidia's strong position in the AI market.
Amazon's significant contribution to Nvidia's revenue highlights the importance of their relationship, but the immediate impact on Amazon's stock is neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Alphabet (GOOG) is a significant customer of Nvidia, contributing to over 40% of its revenue. This relationship underscores Nvidia's strong position in the AI market.
Alphabet's significant contribution to Nvidia's revenue highlights the importance of their relationship, but the immediate impact on Alphabet's stock is neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Microsoft (MSFT) is a significant customer of Nvidia, contributing to over 40% of its revenue. This relationship underscores Nvidia's strong position in the AI market.
Microsoft's significant contribution to Nvidia's revenue highlights the importance of their relationship, but the immediate impact on Microsoft's stock is neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Nvidia saw a brief recovery in premarket trading but ended lower on Thursday. The company is a key AI beneficiary with significant market share and pricing power.
Nvidia's brief recovery was overshadowed by broader market concerns. However, its strong position in the AI market and pricing power are positive indicators.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Oracle (ORCL) is a significant customer of Nvidia, contributing to over 40% of its revenue. This relationship underscores Nvidia's strong position in the AI market.
Oracle's significant contribution to Nvidia's revenue highlights the importance of their relationship, but the immediate impact on Oracle's stock is neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
AMD experienced a decline on Thursday despite a brief premarket recovery. The company faces competition from Nvidia in the AI market.
AMD's decline reflects broader market concerns and competition from Nvidia, which holds a significant share in the AI market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100