Shares of Nvidia surged to a record high close on Monday after the world’s most valuable chip maker unveiled new desktop graphics processors taking advantage of artificial intelligence.
Nvidia’s stock climbed 6.4% to end at US$522.53, its highest close ever, after the company announced the GeForce RTX 40 Super series of graphics processors, aimed primarily at videogame enthusiasts.
Ahead of CES, the consumer electronics show in Las Vegas, Nvidia also announced other components and software related to AI.
Viewed as the leading supplier of processors used in AI computing, Nvidia’s stock more than tripled in 2023.
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Traders exchanged more than $32-billion worth of Nvidia’s shares during Monday’s session, making it the most traded company on Wall Street, according to LSEG data. Nvidia’s stock market value now stands at nearly $1.3-trillion. — Noel Randewich, (c) 2024 Reuters