CNBC October 14, 2024
Key Points
– Nvidia shares hit an all-time high as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.
– Companies including Microsoft, Meta, Google, and Amazon are purchasing Nvidia’s graphics processing units in large quantities to build large clusters of computers for AI.
– Nvidia is now worth over $3.4 trillion and is up more than nine-fold since the beginning of last year.
Nvidia shares headed for a record close on Monday as Wall Street gears up for earnings season and updates from all of the chipmaker’s top customers on their planned spending on artificial intelligence infrastructure.
The stock climbed 2.6% to $138.31 as of about 1 p.m. Eastern time. Its highest...
Today's Sponsors
Today's Sponsor