Nvidia Stock Price Climbs Following Super Micro Computer's GPU Shipping Announcement
Monday, 7 October 2024, 12:05
Nvidia Stock Price Surge
Nvidia bucked the broader market decline on Monday, witnessing a remarkable surge after Super Micro Computer announced that it is shipping more than 100,000 GPUs per quarter. Shares of Nvidia gained 4%, reaching about $130 per share, the highest level since late-August. Meanwhile, Super Micro Computer shares spiked as much as 18%.
Impact on the Stock Market
- Super Micro Computer is touting its new liquid-cooling solutions for heat-intensive AI data centers.
- Nvidia's stock price reflects increasing interest from investors in tech stocks related to AI hardware.
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