AI Darling Nvidia's Stock Could Keep Rising
When analyzing Nvidia (NASDAQ: NVDA), you can probably forgive some investors for writing it off as overvalued. The stock is up around 12-fold since its bear market low in 2022. Its valuation and growth rate stoke fears that it's flying too close to the sun and will crash when its wings melt.
Palantir is a “rare cult with no sex and very little drugs and we’re not poisoning anyone,” quipped its billionaire CEO in a recent sitdown.
Nvidia has dominated the AI narrative in the stock market, captivating investors and the media after soaring 2,190% over the past five years and becoming the most valuable company
Live Updates Make sure to refresh this page periodically for updates. US Banks Planning to Sue the Fed 8:08 am One of the biggest reports premarket is that US banks are planning to sue the Federal Reserve over annual stress tests.
Nvidia recently updated some of its clutter of PC apps, including the GPU-controlling GeForce Experience, to a single Nvidia App. And while that makes for fewer icons in your system tray, it seems the new program’s AI features are potentially harming your gaming framerates.
Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.
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.
Olympian Motors partners with Nvidia to develop AI-powered EV platform, leveraging advanced computing solutions for modular design and deployment.
"I'm not chip supply constrained," Microsoft CEO Satya Nadella said in a recent interview. Nvidia stock has dropped 7% since the comments.
Apple and NVIDIA shared details of a collaboration to improve the performance of LLMs with a new text generation technique for AI.
When it came to artificial intelligence (AI) infrastructure in 2024, Nvidia (NASDAQ: NVDA) reigned supreme. Both stocks have had strong runs in 2024, with Nvidia's stock up over 170% year to date as of this writing and Broadcom up around 107%.