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Nvidia Stock Could Be Set for a Run After Breaking Through $200

Dow Jones05-07 22:43

Nvidia stock was gaining Thursday after riding the chip-stock rally. Investors just got a timely reminder of how vital its graphics-processing units are for artificial intelligence.

Nvidia shares were up 2.6% at $213.31 in early trading. The stock rose 5.8% on Wednesday, breaking through the psychologically important $200 level.

Although much of the recent semiconductor enthusiasm has been around central-processing units from the likes of Intel and Advanced Micro Devices, Nvidia's GPUs are still a hot property.

That was on show Wednesday when Elon Musk's SpaceX and AI start-up Anthropic announced a partnership that will give Anthropic access to more than 300 megawatts of capacity across over 220,000 Nvidia chips at SpaceX's Colossus 1 data center in Tennessee.

"The [Nvidia] GB300 is the best AI computer," Musk wrote on X on Wednesday.

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Comment1

  • Louis Sg
    ·05-07 22:48
    Please do not act smart after the stock jump [Facepalm]  [LOL]  [Spurting]  
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