Why Nvidia Stock Popped on Tuesday
The Motley Fool
MAY 28, 2024
The catalyst that sent the chipmaker and artificial intelligence (AI) specialist higher was word that another AI start-up had raised billions of dollars, which is likely good news for Nvidia. Heavy spending on AI xAI, the AI start-up founded by Elon Musk, announced on Sunday it had raised $6 billion in its latest funding round.
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