Nvidia was rising early Monday, with the chip company buoyed by a wider rally in technology stocks and positive assessments from Wall Street. Nvidia shares were up 1.3% at $136.38 in morning trading.
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Nvidia is one of the most popular AI stocks right now because of its lead in the semiconductor space. The company's graphics processing units (GPUs) have been used in data centers for years, and once tech giants began competing for generative AI dominance, the chips were even more in demand.
It’s been a record-breaking year for artificial intelligence darling Nvidia’s stock, with analysts overwhelmingly bullish about the year to come.
The question isn’t easy to answer. We believe it is much easier to bet on Nvidia’s long-term prospects rather than trying to predict its next bull run. It could be the next earnings report, or it could be the emergence of an AI-associated technology that requires even more Nvidia GPUs to run.
Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.
"Apple's approach to $4 trillion market cap is a testament to its enduring dominance in the tech sector. This milestone reinforces Apple's position as a market leader and innovator," said Adam Sarhan, chief executive officer of 50 Park Investments.
Nvidia revealed its new Jetson Orin Nano Super Developer Kit, which can perform almost two times higher than its predecessor, the Jetson Orin Nano Kit from 2022, and h
Nvidia (NASDAQ:NVDA) stock found itself in a mini-slump in recent weeks, falling into correction, even as other tech stocks experience their so-called “Nvidia moments.” Though Nvidia could be a relative laggard for a few more weeks or even months as investors digest the recent Fed meeting,
The Jetson Orin Nano Super Developer Kit is a powerful new platform that delivers generative AI 70% faster than its predecessor.
The palm-sized Orin Nano is ideal for hobbyists and small companies looking to run AI applications locally, such as for use in industrial robots.
"I'm not chip supply constrained," Microsoft CEO Satya Nadella said in a recent interview. Nvidia stock has dropped 7% since the comments.