Nvidia Stock Rises Toward All-Time High Amid AI Expansion
Nvidia (NVDA) shares rose as much as 2% on Friday, nearing a new record high. The stock's climb follows continued momentum from the previous session and broader gains in AI-related semiconductor stocks. Reports suggest that AI developer Anthropic is preparing for an IPO, with Nvidia having committed up to $10 billion to the company last year. Nvidia also announced its acquisition of Hugging Face, a popular open-weight AI model hub used by millions of developers and companies worldwide, for nearly $13 billion. The move aims to strengthen Nvidia's position in the growing AI ecosystem. Additionally, on Monday, Nvidia invested $3.5 billion in MediaTek, enabling the chip designer to use its NVFusion platform for custom accelerator chips.
Tickers: $NVDA
Topics: AI semiconductors Anthropic IPO rumors Hugging Face acquisition Nvidia