Nvidia (NVDA): Can Paid Software Make Its Earnings Less Dependent on Hardware Sales?

Directly affected

• NVDA Nvidia

  Named in this report.

Indirectly affected

• TSM Taiwan Semiconductor

  The main advanced-chip manufacturer sits in Taiwan

• ASML ASML

  Chipmaking-equipment sales follow export rules

• AVGO Broadcom

  Chip makers and their suppliers move when export rules or Taiwan risk changes

• LMT Lockheed Martin

  Defense contractors get more work when conflict spending rises

• RTX RTX

  Defense contractors get more work when conflict spending rises

• AMD AMD

  Chip makers and their suppliers move when export rules or Taiwan risk changes

• AMAT Applied Materials

  Chip-equipment makers feel export controls

• LRCX Lam Research

  Chip-equipment makers feel export controls

• SMH VanEck Semiconductor

  A fund of semiconductor companies

Price reaction, T-5 to T+3