With a $1.15 trillion market cap, NVIDIA Corporation (NVDA) provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. After a tough 2022, the company has been booming this year due to the significant surge in AI popularity post the launch of OpenAI’s ChatGPT and subsequent demand for the company’s hardware.
As one of the biggest winners of the AI boom, NVDA’s stock has gained 122.1% over the past six months and 224.9% year-to-date to close the last trading session at $465.07. Recently, the stock hit a new high of $480.88 on July 14, 2023.
