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NVIDIA (NASDAQ:NVDA) Stock Update: Unveiling the Latest Developments on Thursday

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Nvidia Corp Stock Trading Lower as Rising Treasury Yields Impact Growth Sectors

Overview

  • Nvidia Corp (NVDA) stock is trading lower on Thursday, following the broader market trend.
  • The Invesco QQQ Trust, Series 1 (QQQ) and SPDR S&P 500 (SPY) are also affected by rising Treasury yields.

China Extends Apple Inc iPhone Ban in Sensitive Departments

  • China has extended its ban on Apple Inc’s (AAPL) iPhones in sensitive departments, including government-backed agencies and state companies.
  • This move is seen as retaliation against U.S. semiconductor technology sanctions and embargoes on companies like Huawei Technologies Co, Ltd.

U.S. Chipmakers Seek Softer China Policy

  • Several U.S. chipmakers, including Nvidia, have urged the U.S. government to reconsider its China policy due to their significant exposure to the country.

Huawei Launches Smartphone with Made-in-China Processor

  • Huawei Technologies Co, Ltd has launched a smartphone featuring an advanced made-in-China processor.

Asensus Surgical Collaborates with Nvidia to Enhance Intelligent Surgical Unit

  • Asensus Surgical, Inc (ASXC) has partnered with Nvidia to accelerate the development of its Intelligent Surgical Unit (ISU).
  • The collaboration aims to improve the ISU’s ability to deliver augmented intelligence to surgeons.
  • Asensus Surgical will utilize Nvidia tools to enhance the augmented intelligence capabilities of its ISU.
  • The ISU, built with Nvidia accelerated computing technology, has been providing real-time augmented intelligent features to surgeons since 2021.

Nvidia’s Stock Performance

  • Nvidia Corp’s stock (NVDA) has gained 220% year-to-date.
  • The company’s integration of AI technology across multiple industries has contributed to its success.

Price Action

  • On the last check Thursday, NVDA shares traded lower by 3.07% at $456.18.


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