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NVIDIA stock rises 3% despite warnings of Chinese AI chip competition, with AMD and Broadcom also gaining.

Market News
03 Nov 2026, 20:48 WIB
24/7 Wall Street
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Bullish
NVIDIA stock rises 3% despite warnings of Chinese AI chip competition, with AMD and Broadcom also gaining.

NVIDIA shares climbed 3% after a CEO of a startup backed by NVIDIA warned that Chinese AI labs might sell chips abroad alongside open-source AI models, posing a competitive threat. Despite this, investors remain optimistic, partly due to NVIDIA trading at a five-year low valuation and strong demand exceeding supply. AMD and Broadcom stocks also rose, reflecting a broader semiconductor sector recovery. NVIDIA's upcoming Q3 FY2027 earnings report will be closely watched for insights on demand amid growing Chinese competition internationally.

NVIDIA shares are up 2.78% at USD 207.67 on Pluang as of Nov 04, 2026 02:02 WIB, reflecting steady investor interest despite competitive concerns. Broadcom also gained 3.26%, trading at USD 332.75 with a dividend yield of 0.81%. The typical hold time for NVIDIA on Pluang is 117 days, indicating a moderately long-term investor base amid ongoing market developments.

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