NVIDIA Corporation @ 2024-01-31

Related News Article Title:
Analysts are so bullish on this global chip stock they keep naming it as their top pick
Description: One stock frequently showed up in this month’s top calls from analysts, who are bullish on it as a play on artificial intelligence.
News Sentiment: 0.10000000000000002 (Slightly Positive)

NVIDIA Corporation

Sector: Technology

Industry: Semiconductors

Full Time Employees: 26196

Website: https://www.nvidia.com

Long Business Summary:

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

Basic Chart

NVIDIA Corporation
NVIDIA Corporation

Technical Chart

NVIDIA Corporation
NVIDIA Corporation

Suggested Currency Pair: USD/JPY

Given that the blog post discusses a global chip stock with a strong focus on artificial intelligence, potential impact on currency pairs could be influenced by where this company is domiciled and trades most of its shares. If the company is American, positive sentiment could strengthen the USD due to increased investment flows into the U.S. equity market. On the other hand, Japan is notable for being a major player in the semiconductor industry. If investors pivot away from Japanese semiconductor stocks to this U.S. stock, it could lead to a weakening of the JPY. Therefore, the USD/JPY pair could see some movement based on these sentiments and the impact of this news.

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