Nvidia's stock is seeing an uptick in after-hours trading, driven by several positive developments. Notably, Nvidia has announced a collaboration with Apple to enhance large language model inferencing for its GPUs using a new approach called ReDrafter. This partnership is expected to bolster Nvidia's position in the AI space, as it leverages Apple's technological prowess to improve the performance of its GPUs. Additionally, Nvidia-backed AI startup Perplexity AI has successfully closed a $500 million funding round, tripling its valuation to $9 billion. This significant investment underscores the growing confidence in Nvidia's AI ventures and its potential for future growth.
Furthermore, Nvidia's new GB200 AI and HPC servers are on track for mass production in 2025, as reported by TrendForce. This development is anticipated to drive substantial demand and revenue growth for Nvidia in the coming years. The company's strategic moves in AI and high-performance computing continue to attract investor interest, contributing to the positive sentiment around its stock.
Nvidia (NVDA) shares rose 1.72% to $131.13 in after-hours trading, following a close at $128.91 on December 18, 2024.