The latest stock price for Nvidia is $125.37 after breaking through short-term resistance. Chart analysts warn of potential profit-taking if volume falls below average next week. Nvidia makes graphics processing units (GPUs) , which are the semiconductors of choice for training and processing artificial intelligence (AI) models. GPUs can perform multiple calculations in parallel, making them ideal for workloads that require vast computing power, like AI. While there are a handful of competitors in this space, Nvidia is by far the preferred option and has a 90% market share in the data center realm. That's notable because Intel is still considering winding down its foundry operations if it can't secure a major customer contract for its 14A node process. Nvidia supposedly evaluated the process and decided to stick with TSMC. If Intel shuts down its foundry business, that would be a huge win for TSMC, as it will further secure its position as a leading-edge semiconductor manufacturer. The stock price for Nvidia rose to $124.05 during morning trading after reports of additional supply agreements with leading hyperscale cloud providers, boosting forward revenue expectations.
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