Nvidia's stock has increased by 18% over the past 10 days, driven by ongoing demand for AI technologies. The company has officially denied rumors regarding a potential acquisition of a large PC manufacturer, asserting it is "not engaged in discussions."
Nvidia stock is on a 10-day winning streak and up 18% over that stretch
Theme activity is concentrated now, with momentum and confidence both elevated.
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Nvidia denied rumors that it's in talks to buy a large PC company, telling CNBC in a statement that it's "not engaged in discussions."
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Nvidia's recent stock performance reflects strong market sentiment driven by AI demand rather than acquisition strategies, contributing to its sustained increase in valuation.
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Nvidia has officially launched its GeForce Now cloud gaming service in India, providing gamers with direct access through local servers in Mumbai. Users can participate in a queue system for access, with pricing starting at Rs. 999 for 90 days. The service supports over 4,500 games, including AAA titles, and can stream at up to 5K 120fps through RTX 5080 SuperPODs.
Nvidia is rumored to be considering the integration of 3GB GDDR7 modules in the upcoming RTX 5060 Ti, increasing total VRAM to 9GB. However, this change may come at the cost of reduced memory bandwidth, potentially affecting overall graphics performance.
Meta has announced a groundbreaking commitment to deploy 1 gigawatt (GW) of custom MTIA chips, codesigned with Broadcom, as part of a transformative multiyear agreement. This step reinforces Meta's ambitious plans in AI and computing, coinciding with CEO Hock Tan's departure from the board.
