Reported 4 months ago
Nvidia (NASDAQ: NVDA) stocks continue to surge, with a recent 7% jump attributed to anticipated sales due to another company's announcement. Tesla's Elon Musk revealed xAI's plans to invest a significant sum in Nvidia chips, boosting investor confidence. Nvidia's revenue from GPU sales used in AI applications is expected to double, appealing to tech companies developing AI models. With xAI's new $6 billion funding likely to utilize Nvidia's chips, investors remain optimistic about the company's future prospects despite its recent record-high stock levels.
Source: YAHOO