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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Nvidia shares have updated the historical maximum

October, 22 2024
watermark Economic news

Nvidia shares hit a new record, rising 4.14% to $143.71, which increased their annual gain to 190.2%.


The growth came after Taiwan Semiconductor Manufacturing (TSMC), a major Nvidia partner, confirmed the steady demand for artificial intelligence (AI) solutions. TSMC expects revenue from AI servers to account for a significant share of revenue in 2024, tripling this year.


In addition, Microsoft has significantly increased orders for Nvidia GB200 – from 400 to 1,450 racks. Production of Blackwell chips will begin in the fourth quarter of 2024, and projected shipments will grow to 550,000 units in the first quarter of 2025. DELL is preparing to ship Blackwell servers in November. 


In general, analysts believe that the AI infrastructure can grow 10 times by 2027, and investments in artificial intelligence will reach $1 trillion in the next three years.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.