Zinger Key Points
- Nvidia shares rose 4.55%, driven by strong demand in AI and chip sectors, bolstered by collaborations like the one with Cerence.
- HIVE Digital invested $30 million in Nvidia GPU clusters to expand its high-performance computing and AI capabilities.
- Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.
Nvidia Corporation NVDA shares are trading higher Friday driven by strength in the AI and semiconductor sectors and a collaboration with Cerence Inc. CRNC.
What To Know: Nvidia and Cerence are collaborating to enhance Cerence's CaLLM language models for automotive AI. The partnership integrates Nvidia's AI Enterprise software and DRIVE AGX Orin hardware, improving in-car assistant speed and reliability. Cerence shares jumped 61.92% following the announcement according to Benzinga Pro.
Nvidia's market position has strengthened as its AI chips drive widespread adoption. The company's valuation surpassed $3 trillion in 2024, fueled by GPU demand, $1 billion in AI startup investments, and multiple acquisitions in AI and robotics.
Nvidia stock has risen 203% in the past year, reflecting confidence in its AI leadership and strategic growth efforts.
NVDA Price Action: Nvidia shares were up 4.32% at $144.30 at the time of writing, according to Benzinga Pro.
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