{"id":59249,"date":"2024-10-15T09:33:44","date_gmt":"2024-10-15T08:33:44","guid":{"rendered":"https:\/\/dataconomy.ru\/?p=59249"},"modified":"2024-10-15T09:34:40","modified_gmt":"2024-10-15T08:34:40","slug":"nvidia-stock-soars-closing-at-a-new-high","status":"publish","type":"post","link":"https:\/\/dataconomy.ru\/2024\/10\/15\/nvidia-stock-soars-closing-at-a-new-high\/","title":{"rendered":"NVIDIA stock soars, closing at a new high of $138.07"},"content":{"rendered":"

NVIDIA\u2019s stock just hit a record high, closing at $138.07. If you\u2019re wondering why this is significant, let me take you through a clearer view of what\u2019s happening.<\/p>\n

NVIDIA is now the second most valuable company in the U.S., with a market cap of $3.4 trillion, right on the heels of Apple. In simpler terms, NVIDIA\u2019s meteoric rise is no accident\u2014it\u2019s tied to something much bigger: artificial intelligence, or AI for short.<\/p>\n

And here\u2019s why that matters.<\/p>\n

Why NVIDIA stock is climbing the charts<\/h2>\n

NVIDIA\u2019s surge in stock value (180% in 2023 so far) is because it controls a staggering portion of the AI chip market\u2014anywhere from 70% to 95%, depending on whose numbers you trust. What does that mean for you? Well, nearly every major AI development you\u2019ve heard about\u2014think OpenAI\u2019s ChatGPT, self-driving cars, or the AI systems running complex data centers\u2014is powered by NVIDIA\u2019s technology.<\/p>\n

AI Is feeding NVIDIA\u2019s growth (and its next moves are already sold out)<\/h2>\n

OpenAI, the company behind ChatGPT, just secured a massive $6.6 billion funding round<\/a>. Why does this matter for NVIDIA? Because OpenAI is buying up NVIDIA\u2019s AI chips like there\u2019s no tomorrow. In fact, CEO Jensen Huang recently said NVIDIA\u2019s next-generation Blackwell chips<\/a> are already sold out for the next 12 months. Think about that: products that aren\u2019t even out yet have waiting lists. That\u2019s what we\u2019d call \u201cinsane\u201d demand, as Huang himself put it.<\/p>\n

\"Nvidia
NVIDIA\u2019s surge in stock value (180% in 2023 so far) is because it controls a staggering portion of the AI chip market (Image credit<\/a>)<\/figcaption><\/figure>\n

Companies like Microsoft, Meta, and Amazon are pouring billions into their AI infrastructure, all of which requires NVIDIA\u2019s chips. AI is a long-term growth driver, and NVIDIA is perfectly positioned to ride that wave.<\/p>\n

\n

China tightens grip on AI chip market, targeting NVIDIA’s influence<\/a><\/strong><\/p>\n

\n

The company is playing an intricate game on the global stage. Recently, NVIDIA partnered with Foxconn<\/a> to build Taiwan\u2019s largest supercomputer. At the same time, Foxconn is setting up a megafactory in Mexico to assemble NVIDIA\u2019s servers, reducing NVIDIA\u2019s reliance on China in a time of trade tensions between the U.S. and China. This diversification is a strategic masterstroke.<\/p>\n

Why is this significant? Simple. NVIDIA is ensuring its supply chain is robust enough to meet global demand, while also hedging its bets against geopolitical risks.<\/strong><\/p>\n

Now, not everything has been smooth sailing for NVIDIA. Earlier this year, its stock stumbled a bit after missing some earnings expectations. That\u2019s bound to happen when the hype train is moving at 100 miles per hour. Add in a subpoena<\/a> from the U.S. Department of Justice over concerns about trade with China, and there were a few rocky months.<\/p>\n

Why you should keep an eye on NVIDIA<\/h2>\n

At this point, you might be wondering, \u201cIs NVIDIA really about to overtake Apple as the world\u2019s most valuable company?\u201d Well, with a market cap of $3.4 trillion, it\u2019s getting closer by the day.<\/strong> Apple\u2019s still ahead at $3.5 trillion, but NVIDIA\u2019s rapid ascent makes it a serious contender for the top spot. Over the past year, NVIDIA, Apple, and Microsoft have been playing musical chairs with the top three spots on Wall Street. NVIDIA\u2019s rise tells us something important about the future of technology.<\/p>\n

So, if you\u2019re thinking long-term, NVIDIA is a company worth watching.<\/strong> The AI boom is far from over, and NVIDIA\u2019s hardware is essential to that growth. For investors, that means NVIDIA might still have plenty of room to climb, despite its already impressive gains.<\/p>\n

NVIDIA stock price<\/h2>\n

According to TradingView<\/em><\/a>, NVIDIA recently reached an all-time high stock price of $139.42. As of the most recent data, NVIDIA\u2019s stock is trading around $136.71.<\/p>\n

\"Nvidia
NVIDIA stock price recently reached an all-time high of $139.42 (Image credit<\/a>)<\/figcaption><\/figure>\n

What comes next?<\/h2>\n

With NVIDIA\u2019s Blackwell chips sold out for a year and demand for its AI infrastructure growing every day, the future looks bright for the chipmaker. Wall Street analysts are already predicting billions in revenue from NVIDIA\u2019s next-generation technology, and that doesn\u2019t even account for the sustained demand for its older GPU models.<\/p>\n

\n

Disclaimer:<\/strong> The information provided in this article is for informational and educational purposes only and should not be construed as financial or investment advice. While the data discussed pertains to NVIDIA’s stock performance and market trends, readers should not interpret this as a recommendation to buy, sell, or hold any securities.<\/p>\n

Featured image credit: Kerem G\u00fclen\/Midjourney<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

NVIDIA\u2019s stock just hit a record high, closing at $138.07. If you\u2019re wondering why this is significant, let me take you through a clearer view of what\u2019s happening. NVIDIA is now the second most valuable company in the U.S., with a market cap of $3.4 trillion, right on the heels of Apple. In simpler terms, […]<\/p>\n","protected":false},"author":584,"featured_media":59251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"NVIDIA is now the second most valuable company in the U.S., with a market cap of $3.4 trillion, right on the heels of Apple","format":"standard","override":[{"template":"5","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","share_position":"float","share_float_style":"share-normal","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-715"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[3229,324,118],"tags":[963,371,1694,17246],"coauthors":[9895],"class_list":["post-59249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-industry","category-news","tag-ai","tag-artificial-intelligence","tag-nvidia","tag-stock"],"_links":{"self":[{"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/posts\/59249"}],"collection":[{"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/users\/584"}],"replies":[{"embeddable":true,"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/comments?post=59249"}],"version-history":[{"count":"2","href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/posts\/59249\/revisions"}],"predecessor-version":[{"id":59254,"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/posts\/59249\/revisions\/59254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/media\/59251"}],"wp:attachment":[{"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/media?parent=59249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/categories?post=59249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/tags?post=59249"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dataconomy.ru\/wp-json\/wp\/v2\/coauthors?post=59249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}