Sunday, August 1, 2021

Key Aspects Pushing NVIDIA Corporation (NVDA) Stock Higher

The semiconductor stocks are mostly trading in green and NVDA is one of the leading stocks among them.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Shares of the semiconductor giant have pushed quite notably in the recent trading session. Nvidia Corporation (NVDA) has updated its recent products during its ongoing GPU Technology Conference taking place this week from October 5 to 9.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


The company during its current conference has also announced its partnership with GSK and new AI infrastructure and kits.

Nvidia has announced a three-year plan that includes both the DOCA programmable data-center “infrastructure on a chip” architecture and new BlueField-2 DPUs (data processing units). The company is working on various projects that involve AI for software collaborations or could support customers like IBM, Microsoft, and VMware.

Along with these agreements for providing its key product services to tech firms, Nvidia is focused on launching an AI platform ‘Maxine’ whose goal will be to improve the quality of video conferencing streaming via noise cancellation, face relighting, and super high resolution. A tech firm Avaya is already planning to integrate NVDA’s ‘Maxine’ into its video collaboration app. Maxine is being considered as a potential competitor to the video conferencing giant Zoom.

These are the key aspects thus far from the ongoing conference that has played a key role in driving NVDA’s share price in the market. The stock price was trading around $550 in the pre-market after its previous close at $545.70. Nvidia started the trading session on Wednesday at $553.20 and touched the highest price mark of $565.59, as of 10:18 A.M. EDT.

At the moment (2:51 P.M.) NVDA stock was trading at $557.05 up 2.08%, adding $11.35 to the shares price.
Nvidia’s announcements on Monday related to its AI projects and data centers have attracted investors’ sight. The stock is sharply higher compared to the market closure on Friday at $522.

Key Aspects

The company is focused on its AI technology and welcomes the “Age of AI” making it the firm’s core objective of the future. NVDA’s CEO, Jensen Huang mentioned:

“AI requires a whole reinvention of computing — full-stack rethinking — from chips, to systems, algorithms, tools, the ecosystem.”

He further added:

“Nvidia is a full-stack computing company. We love working on extremely hard computing problems that have great impact on the world. (And AI) is right in our wheelhouse.”

The CEO also highlighted that the firm’s strategy to make a $40 billion acquisition of chip designer Arm fits into NVDA’s future plans.

Nvidia’s newly introduced BlueField DPU data-center processors are programmable processors with Arm cores and acceleration engines for at-line-speed processing for storage, networking, and security. The DPU comes up with a high-speed interconnect technology from the firms’ acquisition of Mellanox Technologies in April.

The company is fully focused on its key partnership with VMware to work on the development of a data-center platform that supports GPU.

Moreover, Microsoft adopting NVDA’s AI on Azure that will power smart experiences on Microsoft Office which includes text prediction and smart grammar correction.
Another key collaboration with global health care firm GlaxoSmithKline (GSK). The company is set to provide its most powerful supercomputer that is being built in the U.K. for the healthcare researchers using AI to solve pressing medical challenges, including those driven by COVID-19.

GSK will be using Nvidia’s NVIDIA DGX SuperPOD™ system through the supercomputer “Cambridge-1”. This system will provide more than 400 petaflops of AI performance and 8 petaflops of Linpack performance, ranking it No. 29 among the top 500 supercomputers across the globe.

Latest news

KLA Corporation (KLAC) announces new shipments of innovative device

Electronic manufacturing equipment manufacturer KLA Corporation (NASDAQ: KLAC) announced new shipments of its innovative device. It changes one of the major technological processes, and...

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

Related news

KLA Corporation (KLAC) announces new shipments of innovative device

Electronic manufacturing equipment manufacturer KLA Corporation (NASDAQ: KLAC) announced new shipments of its innovative device. It changes one of the major technological processes, and...

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam