Under the influence of the ban imposed by US President Trump, Intel's share price hit its highest record in 52 weeks. At the same time, Nvidia also continued its strong momentum in the previous trading day and reached a record high today.
U.S. President Trump issued an order Monday to prohibit Broadcom from acquiring Qualcomm on the grounds of national security. There is no doubt that if Broadcom successfully acquires Qualcomm, it will inevitably threaten Intel in markets such as smart phones, data centers, and self-driving cars. This is exactly the main reason why Intel had considered buying Broadcom.
Trump’s ban has made Broadcom’s acquisition of Qualcomm almost hopeless. Affected by this, Intel's share price rose by nearly 4% today, surpassing the 52-week record of 53.60 USD. This year, Intel's share price has risen by about 12%.
At the same time, Nvidia also continued its strong momentum in the previous trading day and reached new highs today. Yesterday, investment research firm Jefferies announced that the upcoming sci-fi movie "Number One Player" will boost sales of virtual reality (VR) helmets, and Nvidia will be one of the major beneficiaries. .
Affected by this, Nvidia's share price rose 3.1% yesterday and reported at 252.95 US dollars per share, the highest record in 52 weeks. Today, Nvidia's share price once again reached 253.84 US dollars, once again breaking yesterday's highest record.
In the past 12 months, Nvidia's share price has risen nearly 150%, ranking second in the S&P 500 Index.