Nvidia Stock Hits Fresh High As New AI Supercomputer Debuts
On May 30, Nvidia Chief Executive Jensen Huang announced new computer systems, software and services for generative AI during an event in Taiwan. Those products include the DGX GH200, which the company calls a "a new class of large-memory AI supercomputer" for giant, next-gen models powering generative AI.
Just days earlier, graphics-chip maker Nvidia crushed Wall Street's targets for its fiscal first quarter on record data-center sales. CEO Huang also said his company is ramping up production to meet the massive demand for artificial intelligence (AI) technology.
Nvidia is a leader in AI chips. In the tech industry's fierce battle for AI dominance, the advanced chips needed for generative AI, such as the ChatGPT chatbot, are key.
For those looking for top large-cap stocks to buy now, here's a dive into NVDA stock. $NVIDIA(NVDA.US$ $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US$ $PHLX Semiconductor Index(.SOX.US$
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