As the tech world watches closely, NVIDIA shares continue to climb to record highs. On Wednesday, the company’s stock closed at an all-time high of $522.51 and is up more than 70% for the year.
The surge in NVIDIA’s stock price is largely attributed to the company’s success in the artificial intelligence and gaming markets. NVIDIA’s GPUs are the go-to choice for artificial intelligence applications, and they’re also the most prevalent in the gaming sector.
As the world moves towards more AI and gaming-oriented projects, NVIDIA is well-positioned to benefit. For example, NVIDIA recently announced a partnership with Mercedes-Benz to develop AI-powered self-driving cars. This move is likely to further drive up NVIDIA’s stock price.
NVIDIA is also making waves in the gaming market. The company’s GPUs are the preferred choice for many of the world’s top gamers, and NVIDIA has been partnering with various Game developers to create the best gaming experiences.
The surge in NVIDIA’s stock price is also being driven by its booming data center business. NVIDIA’s GPUs are being used in data centers around the world to power everything from cloud computing applications to machine learning models.
Overall, NVIDIA’s stock price continues to climb to record highs as the company’s technology grows in popularity. As the world continues to move towards AI and gaming-oriented projects, NVIDIA is well-positioned to benefit and its stock price is likely to continue to climb.