Nvidia's stock is experiencing an uptick today, driven by several positive developments. A significant factor is Microsoft's substantial purchase of Nvidia's AI chips, which has outpaced its competitors. According to estimates from tech consultancy Omdia, Microsoft acquired 485,000 of Nvidia's Hopper chips this year, far exceeding the purchases by other major players like Meta. This move positions Microsoft advantageously in the race to develop next-generation AI systems, highlighting Nvidia's pivotal role in the AI chip market.
Additionally, Nvidia's announcement of its new GB200 AI and HPC servers, expected to ramp up production in 2025, has contributed to the stock's positive momentum. This development signals Nvidia's continued innovation and expansion in the AI and high-performance computing sectors, which are crucial for its growth trajectory. Furthermore, analysts remain optimistic about Nvidia's future, with Citi Research noting the company's strong position in the GPU market despite rising competition from ASICs.
Nvidia's stock is currently trading at $135.00, reflecting a 3.54% increase from its previous close of $130.39.