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Inc gained 3.0% as Wells Fargo initiated coverage on the company with an "overweight" rating, while Nvidia Corp, Apple Inc and Tesla Inc rose between 0.9% and 3.4%.
JERUSALEM (Reuters) - Nvidia Corp said on Monday it was building Israel's most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications.
Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels “perfectly safe” about relying so much on chip powerhouse Taiwan for manufacturing, its chief executive Jensen Huang said on Thursday.
Source: https://cyprus-mail.com/2023/06/04/nvidia-ceo-feels-safe-relying-on-taiwan-for-chips/
Nvidia Corp soared about 25 per cent on Thursday to near a market value of US$1 trillion after its stellar forecast showed that Wall Street has yet to price in the game-changing potential of AI spending.