At Extreme Investor Network, we stay ahead of the game when it comes to all things finance, including the latest news on stocks like Nvidia Corp (NASDAQ:NVDA).
Nvidia stock is currently experiencing a volatile trading session on Friday as the company maintains its position as a leader in the artificial intelligence race, thanks to its cutting-edge chips. CEO Jensen Huang is gearing up to give his opening speech at Taiwan’s Computex event, where global chip company CEOs, including those from Advanced Micro Devices Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC), have gathered to discuss the future of artificial intelligence.
In a recent development, the U.S. has imposed a temporary embargo on exporting AI chips to the Middle East due to national security concerns. This move is impacting chip companies like Nvidia and AMD, which have significant exposure to these regions.
Despite the challenges posed by these embargoes, analysts are bullish on Nvidia, citing the company as a key beneficiary in the AI space. They highlight Nvidia’s strong Blackwell production pipeline, relationships with U.S. Big Tech customers, and efforts to address supply constraints.
As of the latest check, NVDA shares were trading down at $1,098. With a stock gain of over 192% in the last year, investors interested in gaining exposure to Nvidia can consider options like Grizzle Growth ETF (NYSE:DARP) and SoFi Select 500 ETF (NYSE:SFY).
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