HNHPF - What's Going On With Nvidia Stock Wednesday? | Benzinga
Nvidia Corp (NASDAQ: NVDA) remains engaged in multiple endeavors to boost its revenue stream as the U.S. intensifies its artificial intelligence technology embargo on China, a significant chip designer market. Nvidia CEO Jensen Huang is in Taiwan for a week.
The critical Apple Inc (NASDAQ: AAPL) supplier expanded its partnership with another iPhone Maker partner, Hon Hai Precision Industry Co Ltd (OTC: HNHPF), operating as Foxconn to develop a new class of data centers powering a wide range of applications, including the development of AI-powered electric vehicle and robotics platforms.
As per a fireside chat with Nvidia founder and CEO Jensen Huang and Foxconn Chairman and CEO Young Liu at Hon Hai Tech Day in Taipei, the collaboration starts with creating AI factories.
Meanwhile, Wall Street analysts estimate near-term to long-term impact on Nvidia due to the additional U.S. embargo on China.
KeyBanc analyst John Vinh sees this ...