Nvidia Share Price Finds Its Rhythm, But Is It Rising Too Fast?
- Summary:
- Nvidia share price is currently enjoying a revival courtesy or a reported high demand for Blackwell GPUs. But there’s a downside to it.
Nvidia share price continued its ascent on Friday, inching up by 0.04 percent to trade at $134.87. The stock has gained 8 percent in the last five sessions on news of a skyrocketing demand for its cutting-edge Blackwell AI GPU chips. Tech giants like Microsoft and Meta are engaged in aggressive training programs for their AI Large Language Model (LLMs), and Blackwell is the best GPU available for the immense computing power required for such programs.
The move is a double-edged sword for Microsoft. Its large purchases of Blackwell has given it an edge in the AI race on one hand while helping…
