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What's Going On With Nvidia Stock Tuesday?

Grand News Network | October 24, 2023

Artificial intelligence stock play Nvidia Corp (NASDAQ: NVDA) continues to make headlines amid intensifying U.S. technology sanctions, with reports citing the chip designer making Arm Holdings Plc (NASDAQ: ARM)-based PC chips, which could challenge Intel Corp (NASDAQ: INTC).

Reportedly, Nvidia is developing central processing units (CPUs) designed to support the Windows operating system from Microsoft Corp (NASDAQ: MSFT).

Also Read: How Apple and Nvidia Could Boost Samsung’s Financial Landscape?

Truist analyst William Stein (Buy rating) expects the move, a realistic outcome of Nvidia’s AI and gaming leadership, to unlock a $30 billion TAM for the chip designer.

The analyst says if Nvidia can establish a market share position in client PC CPUs, it will almost certainly come at the expense of Intel Corp (NASDAQ: ...

Full story available on Benzinga.com


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