Reported 4 months ago
Nvidia stock reached a new record high above $1,100, closing the day at over $1,140, following Elon Musk's xAI startup announcement of raising $6 billion in funding. The investment in AI has fueled optimism in Nvidia's growth potential, with the chipmaker recently reporting impressive first-quarter results and plans for utilizing Nvidia chips in xAI's projects. Nvidia also announced a stock split and dividend increase, with CEO Jensen Huang expressing confidence in continued strong demand for data center services.
Source: YAHOO