China's Tech Meetings: The Chinese government is planning additional meetings with tech companies to discuss the purchase of Nvidia's H200 AI chips, although it remains unclear if new guidance will be issued during these meetings.
Nvidia's Chip Sales Restrictions: China has previously informed technology firms that American chips, including Nvidia's H200 processors, would only be permitted under special circumstances, with vague directives regarding the conditions for importation.
Market Reactions: Shares of Nvidia saw a slight increase, while retail sentiment around the company's stock shifted from "extremely bullish" to "bullish" over the past 24 hours, indicating a decline in enthusiasm.
Nvidia's Position: Nvidia has denied claims that it requires customers to make upfront payments for H200 chips, asserting that it would never impose such conditions on customers for products they have not received.
Wall Street analysts forecast SMH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SMH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 401.930
Low
Averages
High
Current: 401.930
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
