Again, this bill is seen as bad news for NVDA stock, as it disproportionately benefits its rivals, like Intel (NASDAQ:INTC). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Although Nvidia (NASDAQ:NVDA) stock has moved higher in the past month, inflation, higher interest rates and recession worries are certainly continuing to put pressure it. NVDA Stock and the CHIPS Act Before exploring the possible impact of the CHIPS Act on Nvidia, we’ll first take a look at this legislation itself.