Nvidia stock could be set for a run after breaking through $200
Nvidia stock was gaining Thursday after riding the chip-stock rally. Investors just got a timely reminder of how vital its graphics-processing units are for artificial intelligence.
Nvidia shares were up 1.3% at $210.53 in early trading. The stock rose 5.8% on Wednesday, breaking through the psychologically important $200 level.
Although much of the recent semiconductor enthusiasm has been around central-processing units from the likes of Intel and Advanced Micro Devices, Nvidia’s GPUs are still a hot property.
That was on show Wednesday when Elon Musk’s SpaceX and AI start-up Anthropic announced a partnership that will give Anthropic access to more than 300 megawatts of capacity across over 220,000 Nvidia chips at SpaceX’s Colossus 1 data center in Tennessee.
“The [Nvidia] GB300 is the best AI computer,” Musk wrote on X on Wednesday.
