What’s Happening with Nvidia Stock on Friday?

Nvidia Corp (NASDAQ:NVDA) is experiencing a volatile trading session on Friday as it maintains its lead in the artificial intelligence race with its cutting-edge chips. CEO Jensen Huang is gearing up to deliver an opening speech at Taiwan’s Computex event on Sunday.

Global chip company CEOs, including Nvidia, Advanced Micro Devices Inc (NASDAQ:AMD), and Intel Corp (NASDAQ:INTC), have gathered at the event to delve into the prospects of artificial intelligence in the hometown of Taiwan Semiconductor Manufacturing Co (NYSE:TSM).

In the midst of these discussions, the U.S. has imposed a temporary embargo on exporting AI chips to the Middle East due to national security concerns. The U.S. government is currently reviewing high-volume sales to the United Arab Emirates and Saudi Arabia, similar to restrictions imposed on China last year. These embargoes are impacting chip companies like Nvidia and AMD, which have significant exposure to these regions.

According to CNBC’s Jim Cramer, Nvidia is poised to surpass Microsoft Corp’s (NASDAQ:MSFT) market capitalization, driven by advancements in AI, cloud computing, and data center technologies. Meanwhile, AMD has some catching up to do to reach Nvidia’s levels.

Analysts have identified Nvidia as a key beneficiary of the AI industry, supported by a robust production pipeline and partnerships with major U.S. tech companies. The company is also working on addressing supply constraints related to chip-on-wafer-on-substrate (CoWoS) packaging.

Over the past 12 months, Nvidia’s stock has surged by over 192%. Investors looking to capitalize on this growth can consider exposure through Grizzle Growth ETF (NYSE:DARP) and SoFi Select 500 ETF (NYSE:SFY).

As of the latest update on Friday, NVDA shares were trading lower by 0.63% at $1,098.

[Disclaimer: This article was created using AI tools and reviewed by Benzinga editors. Image via Shutterstock]

*Keywords: Nvidia stock, artificial intelligence, chip companies, embargo, AI chips*

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