Reported 4 months ago
Shares of Nvidia surged as much as 5.6% on Tuesday due to another AI start-up, xAI, raising $6 billion in funding. xAI, founded by Elon Musk, aims to rival ChatGPT and will likely rely on Nvidia's processors for computational power. This news, alongside Nvidia's strong financial performance and upcoming stock split, indicates continued demand for AI and bodes well for Nvidia's sales growth and stock value.
Source: YAHOO