Friday’s trading for Nvidia Corp (NASDAQ: NVDA) stock is erratic as the company maintains its lead in the artificial intelligence competition thanks to its cutting-edge technology.
CEO Jensen Huang gets ready to give the keynote address at Taiwan’s Computex exhibition on Sunday.
The event brought together CEOs from major global chip companies, such as Nvidia, Advanced Micro Devices Inc (NASDAQ: AMD), and Intel Corp (NASDAQ: INTC), to talk about the future of artificial intelligence in Taiwan Semiconductor Manufacturing Co (NYSE: TSM), the hometown of the firm.
Citing national security concerns, the United States has imposed a temporary embargo on the shipment of AI technology to the Middle East. The United States government is currently reviewing large-scale sales to Saudi Arabia and the United Arab Emirates.
The United States imposed same limitations on China a year ago. Chip businesses suffering from significant country exposure, like as Nvidia and AMD, are being negatively impacted by the embargoes.
Jim Cramer of CNBC believes that Nvidia, with its advantages in AI, cloud computing, and data center moats, will surpass Microsoft Corp.’s (NASDAQ: MSFT) market value.
Cramer claims that AMD needs to catch up significantly to catch up to Nvidia. With support from US Big Tech clients and the Blackwell manufacturing pipeline, analysts identified Nvidia as the main AI benefactor.
Additionally, the business wants to find a solution to its supply issues with chip-on-wafer-on-substrate (CoWoS) packaging. Over 192% was gained by Nvidia’s stock in the past year.
Through the SoFi Select 500 ETF (NYSE: SFY) and Grizzle Growth ETF (NYSE: DARP), investors can purchase shares in the company.