Nvidia is on pace to dethrone Tesla, the retail investor favorite that earned the most-bought title last year.

Complex data center workloads like training machine learning models and running artificial intelligence (AI) applications would take a very long time if powered only by central processing units (CPUs).

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.

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

Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.

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.

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.

The $249 Jetson Orin Nano Super packs nearly twice the AI processing power into a palm-sized device, making it more accessible for hobbyists.

"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.

Sony and Microsoft have only recently started implementing AI and machine learning into their consoles, with features like the PS5 Pro's PSSR, but PC hardware manufacturer Nvidia has been at it for much longer.