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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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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.