What's Going On With Nvidia Stock Friday?

Nvidia Corp NVDA stock is trading higher Friday amid reports of the artificial intelligence kingpin partnering with MediaTek and utilizing the 2.5D packaging technology from CoWoS for its first processors that rival Apple Inc AAPL and Intel Corp INTC.

Reports indicate that the companies are co-partnering to create the first test chips utilizing Taiwan Semiconductor Manufacturing Company Ltd's TSM advanced CoWoS technology. 

They look to manufacture the first test chips in the second quarter of 2024 and crack the high-end notebook market, Wccftech reports.

Nvidia and MediaTek chips will co-package the CPU and GPU on the same interposer, so the market is conjecturing an Arm-based CPU and a discrete GPU chiplet using Nvidia's own graphics architectures considering Nvidia's Tegra SOCs expertise coupled with its Grace Hopper Superchips, which combine premium H100 GPU & Arm-based Grace CPUs.

MediaTek also has experience in the PC notebook market with its Kompanio Arm chips that cater to the Chromebook market.

CNBC's Jim Cramer expressed his bullish on Nvidia's coveted position, fueled by the AI frenzy from the Big Tech companies.

Meanwhile, Nvidia and an Alphabet Inc GOOG GOOGL Google venture fund has joined a seed round of funding for a startup that helps developers squeeze more computing power out of specialized processors to train AI.

CentML raised $27 million from investors, including Google's Gradient Ventures and Radical Ventures.

The Gennady Pekhimenko-led firm looks to open an office in Silicon Valley and double the size of its workforce, now about 30, over the next 12 months.

Analysts expect the supply to remain tight well into 2024 as prices soar.

Price Action: NVDA shares traded higher by 1.13% at $407.81 on the last check Friday.