Despite the recent volatility and a failure to – by press time – remain at the record valuation it set above $5.7 trillion, Nvidia (NASDAQ: NVDA) stock retains strong institutional backing, with June alone already bringing more than a dozen new bullish ratings.
Nvidia (NASDAQ:NVDA | NVDA Price Prediction) has arguably been the biggest story of the AI boom thus far, with shares gaining more than 1,800% since the lows of 2022.
Nvidia stock gains on the back of the unveiling of its RTX Spark processor for the consumer PC market have faded.
The Nvidia CEO is set to visit South Korea, and a website named "Jensen Huang's Footprints" in Korean shows a map and timeline on expected locations and meetings. Huang is expected to have meals of smoky Korean barbecue and soju drinking sessions with tech executives there.
Sen. Elizabeth Warren, D-Mass., invited Nvidia CEO Jensen Huang to testify before the Senate Banking Committee on June 11 about the chipmaker's China business and U.S. export controls.
NVIDIA Corporation (NVDA) Presents at Bank of America 2026 Global Technology Conference Transcript
Nvidia acquired predictive artificial intelligence software startup Kumo AI for $400 million, The Information reported Wednesday (June 3). The report, which cited an unnamed source, characterized the deal as something of a departure for Nvidia, which has invested heavily in open-weight models, while Kumo's are proprietary.
Short of Chinese producers of “rare earths” literally hoarding them, there's no keeping them out of the United States. Production begets imports, and with the U.S. economy by far the world's most productive, global production will find its way here.
Nvidia (NVDA) shares edged lower on Thursday but held up considerably better than many semiconductor peers as investors digested a sharp sector-wide selloff triggered by Broadcom's earnings report. Nvidia stock fell 0.8% to $214.75 in early trading.
Nvidia stock was suffering comparatively modest losses after Broadcom earnings triggered a chip sector slump.
Elon Musk's empire contains a number larger than the entire annual revenue of most public companies on the NYSE.
When Nvidia CEO Jensen Huang makes his second visit to South Korea in just seven months this week, it won't be only to meet top memory chip and robotics executives, but to throw the first pitch at a baseball game and appear on a TV talk show.