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Nvidia stock hits record high ahead of CEO’s speech
Nvidia’s stock reached a record high due to continued strong demand for its AI chips.
Shares increased by 3.6% to US$149.70 in early trading on Monday, surpassing the previous record closing high of US$148.88 set in November.
This surge occurred ahead of a scheduled keynote address by CEO Jensen Huang at the CES tech show in Las Vegas.
Analysts expect Huang to provide details on the next-generation “Rubin” graphics processing units and possibly introduce a new AI-focused central processing unit for personal computers.
Recent Nvidia developments
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31-Dec-2024 🤖 Nvidia completes $700m Run:ai acquisition after EU approval
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30-Dec-2024 🤖 Nvidia to unveil Jetson Thor for AI-driven robotics
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30-Dec-2024 ⚙️ Nvidia supplier Ibiden boosts production for AI chips
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26-Dec-2024 💻 Nvidia leads GPU bids in India’s AI mission
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18-Dec-2024 💻 Nvidia’s Vietnam deal: a game changer or just noise?
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