Nvidia Under Increasing Pressure as Amazon and Microsoft Back Restrictions on AI Chip Exports to China: Report
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Updated: Nov 14 20250mins
Amazon and Microsoft Support New Legislation: Amazon and Microsoft are backing the Gain AI Act, which aims to tighten restrictions on exporting advanced AI chips to China, marking a public split with Nvidia, the leading supplier of AI processors for their cloud services.
Nvidia's Opposition and Market Impact: Nvidia is lobbying against the Gain AI Act, arguing it could disrupt the semiconductor market, as the company's market share in China has plummeted due to U.S. export rules and local bans on foreign AI chips.
Legislative Process and Support: The Gain AI Act may be attached to the National Defense Authorization Act, with support from key Democrats, but still requires approval from Republican leadership in Congress.
Tech Stocks Decline Amid Concerns: Major tech stocks, including Nvidia, Amazon, and Microsoft, saw significant declines, losing over $700 billion in market value due to concerns over AI-related energy shortages and diminishing hopes for Federal Reserve rate cuts.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOG is 313.25 USD with a low forecast of 255.00 USD and a high forecast of 350.00 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.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 317.750
Low
255.00
Averages
313.25
High
350.00
Current: 317.750
Low
255.00
Averages
313.25
High
350.00
BNP Paribas Exane
Nick Jones
Outperform
initiated
$355
2025-11-24
Reason
BNP Paribas Exane
Nick Jones
Price Target
$355
2025-11-24
initiated
Outperform
Reason
BNP Paribas Exane analyst Nick Jones initiated coverage of Alphabet with an Outperform rating and $355 price target.
Truist
Youssef Squali
Hold
maintain
$10 -> $11
2025-11-06
Reason
Truist
Youssef Squali
Price Target
$10 -> $11
2025-11-06
maintain
Hold
Reason
Truist analyst Youssef Squali raised the firm's price target on Snap (SNAP) to $11 from $10 and keeps a Hold rating on the shares. Q3 results and the Q4 outlook both show relatively in line revenue and stronger than expected AEBITDA, the analyst tells investors. New, higher margin revenue streams, such as the Perplexity deal, should be accretive to margins in 2026, but Snap "remains a share giver" to peers including Meta (META), Google (GOOGL) and Reddit (RDDT), the analyst added.
Goldman Sachs
Eric Sheridan
Buy
maintain
$288 -> $330
2025-10-31
Reason
Goldman Sachs
Eric Sheridan
Price Target
$288 -> $330
2025-10-31
maintain
Buy
Reason
Goldman Sachs analyst Eric Sheridan raised the firm's price target on Alphabet to $330 from $288 and keeps a Buy rating on the shares.
Needham
Buy
maintain
$260 -> $330
2025-10-30
Reason
Needham
Price Target
$260 -> $330
2025-10-30
maintain
Buy
Reason
Needham raised the firm's price target on Alphabet to $330 from $260 and keeps a Buy rating on the shares. The company reported "strong" Q3 as Search revenue grew 15%, Cloud grew 34%, and YouTube grew 15% y/y, the analyst tells investors in a research note. Alphabet's full-stack GenAI go-to-market gives it pricing power through differentiation, which is driving revenue upside and margin expansion, the firm added.
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About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
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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.
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