What's Going On With Nvidia Stock On Friday?
Portfolio Pulse from Anusuya Lahiri
Nvidia's Blackwell chips face production delays, impacting key clients like Amazon's AWS and Dell. Despite this, Nvidia's CEO reassures that demand remains strong, with expectations of significant revenue. Amazon's partnership with Databricks challenges Nvidia's market position. Nvidia's stock has surged over 227% in the past year.
October 18, 2024 | 3:30 pm
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POSITIVE IMPACT
TSMC's positive quarterly results and acknowledgment of high AI demand contribute to Nvidia's stock rally.
TSMC's strong performance and AI demand positively influence Nvidia's stock, suggesting a positive impact on TSM's stock as well.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Amazon's AWS faces delays in receiving Nvidia's Blackwell chips, but the company is partnering with Databricks to offer cost-effective AI solutions using its Trainium chips.
The delay in Nvidia's chips could impact AWS's AI capabilities, but the partnership with Databricks and use of Trainium chips may offset this, leading to a neutral impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Dell is affected by the delay in Nvidia's Blackwell chips, impacting its server offerings. However, the overall impact on Dell's stock is uncertain.
Dell's server offerings are impacted by the delay in Nvidia's chips, but the broader impact on Dell's stock is unclear due to other business factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors can gain exposure to Nvidia through the iShares S&P 500 Growth ETF, which may be influenced by Nvidia's stock performance.
The performance of IVW may be influenced by Nvidia's stock, but the overall impact is diluted due to the ETF's diversified holdings.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 40
NEUTRAL IMPACT
Nvidia's Blackwell chips face production delays, affecting clients like Amazon and Dell. Despite this, demand remains strong, with expectations of significant revenue. Nvidia's stock has surged over 227% in the past year.
The delay in Blackwell chips could affect Nvidia's short-term revenue from key clients like Amazon and Dell. However, the strong demand and positive outlook from analysts suggest a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Nvidia through the SPDR Select Sector Fund – Technology, which may be influenced by Nvidia's stock performance.
The performance of XLK may be influenced by Nvidia's stock, but the overall impact is diluted due to the fund's diversified holdings.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 40