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Market reaction to Nvidia's strategy changes in Q4 2024
5
Resolution / Starting Odds
Positive reaction (stock price increase) • 33%
Neutral reaction (little or no change) • 33%
Negative reaction (stock price decrease) • 34%
Stock market analysis and financial news reporting
Story
China Tells Local Tech Firms to Cut Nvidia Chip Purchases, Boosts Domestic Production
May 13, 2024, 01:04 PM
Chinese regulators have instructed local technology firms to reduce their purchases of Nvidia chips, according to multiple reports. This directive is part of a broader push by Chinese authorities to encourage the use of domestically produced chips. Companies such as ByteDance, Tencent, Alibaba, and Baidu have been specifically asked to cut back on Nvidia purchases. This move has caused a noticeable drop in Nvidia's stock price.
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Increase by 10% or more • 25%
Increase by 5-10% • 25%
Decrease or no significant change • 25%
Increase by less than 5% • 25%
Increase in trading volume • 33%
Stable trading volume • 33%
Decrease in trading volume • 34%
Significant positive impact on AI sector • 33%
Moderate impact • 33%
No significant impact • 33%
$1000-$1200 • 25%
$1201-$1400 • 25%
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Above $1600 • 25%
Best performer • 33%
Second best performer • 33%
Third best performer or lower • 34%
Increases by more than 20% • 33%
Stays within ±20% • 33%
Decreases by more than 20% • 33%
Tech sector outperforms • 33%
Tech sector performs on par • 33%
Tech sector underperforms • 34%
Q2: $1,200, Q3: $1,400, Q4: $1,600 • 33%
Q2: $1,200, Q3: $1,300, Q4: $1,400 • 33%
Q2: $1,200, Q3: $1,500, Q4: $1,700 • 33%
Better than both • 33%
Better than one • 33%
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Nvidia outperforms all • 25%
Nvidia underperforms • 25%
Nvidia on par with others • 25%
Insufficient data to conclude • 25%