TIRX - NVDA Stock Continues to Surge as Nvidia Unveils AI Products
2023-05-30 09:14:22 ET
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Nvidia (NASDAQ: NVDA ) stock continues to rally on Tuesday as the tech company reveals more artificial intelligence ( AI ) products.
The big news that has investors in NVDA stock excited today is the announcement of the Nvidia DGX GH200 and Nvidia ACE . The first product is a new supercomputer and the second is a generative AI platform.
According to Nvidia, these tools will be important for many customers of its products. That includes those in the video game field, as ACE will act as a generative AI model for video games. Helping with that is the DGX GH200 combining 256 GH200 superchips to “act as a single graphics processing unit,” Yahoo Finance notes.
What This Means for NVDA Stock
Shares of Nvidia are still going to rally off of this AI news and that’s a major win for investors. Not only is the rise good, but the move is going to see NVDA stock reach a new milestone. With its recent rallies, NVDA is heading for the $1 trillion market capitalization mark .
We already saw NVDA shares undergo a massive rally last week that put them incredibly close to the $1 trillion mark. This resulted in the company’s market cap sitting at around $963billion when markets closed on Friday. Considering shares are climbing again in pre-market trading, $1 trillion seems to be a sure thing.
NVDA stock is up 4.2% during early morning trading on Tuesday!
Investors looking for more of the most recent stock market news will want to keep reading!
InvestorPlace is home to all of the hottest stock market news worth knowing about on Tuesday! That includes everything happening with shares of IronNet (NYSE: IRNT ), Tian Ruixiang (NASDAQ: TIRX ) and Ideanomics (NASDAQ: IDEX ) stock today. You can find out more on these matters at the following links!
More Tuesday Stock Market News
- Why Is IronNet (IRNT) Stock Down 15% Today?
- Why Is Tian Ruixiang (TIRX) Stock Down 3% Today?
- Why Is Ideanomics (IDEX) Stock Up 15% Today?
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines .
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