The Street
Nvidia shares buffeted by global security concerns TheStreet Daily Newsletter
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Nvidia shares recovered early losses, ending the day up 4 cents; Nvidia stock up 1.7% in September but down 1.7% in Q3.
2024-10-04 09:00:09
Artificial Intelligence
Stocks
Tech
Nvidia's Thriving AI Chip Demand Boosts Stock Performance
Nvidia's stock is surging, fueled by overwhelming demand for its new AI chip, Blackwell. CEO Jensen Huang described the demand as 'insane,' as the company ramps up production, anticipating several billion dollars in revenue by Q4.
Despite previous concerns regarding design flaws, Nvidia's commitment to improving production yield has reassured investors. The excitement surrounding Blackwell is palpable, with industry leaders like Larry Ellison and Elon Musk eager for more chips.
Nvidia's shares have risen significantly this year, making it a top performer in the S&P 500. The company is not only focused on enhancing its GPU performance annually but also on expanding its influence in various sectors, including automotive and AI research.
As Nvidia continues to dominate the AI GPU market, its innovative strategies position it favorably against competitors, paving the way for sustained growth in the future.
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The Street
Veteran trader targets Nvidia as shares slide TheStreet Daily Newsletter
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Nvidia collaborated with Chinese automaker Nio on its Onvo sub-brand's L60 electric SUV, providing the Drive Orin AI chip that powers the vehicle's smart-driving system. Nvidia's next-generation Blackwell platform is in high demand from companies building AI data centers for products like ChatGPT and Copilot, and the company plans annual updates to boost performance. Trader James "Rev Shark" DePorre sees buying opportunities in Nvidia's volatile stock ahead of the next earnings report.
Yahoo Finance
Nvidia stock rises after Jensen Huang says demand for its new AI chips is 'insane'
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Nvidia's new AI chip Blackwell is in full production; demand is 'insane' according to CEO Jensen Huang. Nvidia expects to ship several billion dollars in Blackwell revenue in Q4; production will ramp up into fiscal year 2026. Earlier reports of design flaws and shipment delays were addressed, and demand for Nvidia's Hopper chips remains strong. Nvidia made a change to Blackwell's GPU mask to improve production yield. Demand for Blackwell is making customers 'emotional' and 'tense', as Nvidia a..
Yahoo Finance
Nvidia stock jumps after CEO Jensen Huang says 'demand for Blackwell is insane'
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Technology
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Nvidia stock jumped up to 5% after CEO Jensen Huang's comments about the strong demand for Blackwell GPU chips. Trading at $122.47 as of 10:30 a.m. ET, Nvidia shares have risen 149% year-to-date, making it the second-best-performing stock in the S&P 500 this year. Huang noted, "Demand for Blackwell is insane" during a CNBC interview, confirming the chip is in full production despite earlier redesign delays. Larry Ellison, Oracle cofounder, stated he and Elon Musk "begged" Huang for more chips,..
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