What's Going On With Nvidia Stock Thursday?

Nvidia Corp NVDA stock remains unperturbed by rival Advanced Micro Devices, Inc's AMD comparable artificial chip launch.

The AI kingpin remains adamant about its Chinese market ambitions in the face of the U.S. embargo while eying a solid foothold in Japan.

Jensen Huang, founder, President, and CEO of Nvidia, is unfazed by competition in the AI chip sector, even from companies like Huawei Technologies Co, which aims to offer a "second option" in AI. 

He believes competition drives technological advancement and contributes to society. Nvidia dominates over 90% of China's $7 billion AI chip market, with about 20% of its revenue historically coming from China. 

Despite deteriorating U.S.-China relations, the Asia-Pacific region remains vital to Nvidia's supply chain, BBC reports.

Nvidia collaborates with governments like Singapore on AI projects, recognizing AI's strategic importance. Huang sees countries worldwide building their foundations for AI, similar to the U.S., to support their startups and industries.

Analysts believe Nvidia holds about 80% of the AI chip market share, considering custom processors made by firms like Alphabet Inc GOOG GOOGL Google, and Microsoft Corp MSFT, Reuters reports. While Nvidia doesn't separately report its AI earnings, a considerable part of it is included in its data center segment's revenue, which is $29.12 billion annually.

Rosenblatt analyst Hans Mosesmann lauded AMD's move as likely to be effective in addressing fast-moving secular movements such as AI.

The analyst also noted that Nvidia will remain the dominant AI player for years, but AMD will be an essential AI innovator on a secular basis.

Nvidia stock has gained over 224% year-to-date.

Price Action: NVDA shares traded higher by 2.12% at $464.69 on the last check Thursday.