INTC - What's Going On With Nvidia Stock Friday? | Benzinga
U.S. chip designer stock Nvidia Corp (NASDAQ: NVDA) is trading lower Friday amid reports of the U.S. intensifying its semiconductor technology sanctions against China.
Reportedly, the U.S. is looking to close the leeway that helped Chinese companies access American artificial intelligence (AI) chips.
Even Nvidia supplier Taiwan Semiconductor Manufacturing Company Ltd (NASDAQ: TSM) is eyeing permanent approval for shipment of U.S. chip equipment to its facility in Nanjing amid intensifying U.S.-China tensions.
On Thursday, BofA analyst Vivek Arya reiterated Nvidia as a top pick with a price target of $650 following its updated product pipeline.
Nvidia showcased an accelerated pace of GPU accelerator and switching product ...