Nvidia stock edges up as industry report predicts 'unprecedented levels' of investments in AI data centers
Published On Sep 25, 2024, 1:26 PM
Nvidia's stock has shown a slight increase following a report predicting significant investments in AI data centers, which are expected to reach unprecedented levels. This uptrend is likely tied to the growing demand for AI technology and infrastructure, indicating a favorable environment for companies involved in this sector, particularly Nvidia.
Stock Forecasts
NVDA
Positive
With the projected growth in AI data center investments, Nvidia stands to benefit significantly due to its strong position in semiconductor technology for AI applications.
Related News
Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'
Nvidia stock aims for new record high as AI boom shows no sign of slowing
Oct 9, 2024, 12:23 PM
Nvidia stock is aiming to notch a new all-time high, as the AI boom shows no sign of slowdown.
Nobel Prize in Chemistry Is Awarded to 3 Scientists for Work With Proteins
Oct 9, 2024, 5:49 AM
Demis Hassabis and John M. Jumper of Google DeepMind predicted protein shapes with A.I. while David Baker designed “a new protein that was unlike any other,” the committee said.