NVIDIA Corporation's stock climbed Monday, closing up 1.65% at $183.22, as investors reacted to fresh announcements from the company's annual GTC conference spotlighting advancements in artificial intelligence hardware and software.
The gains came amid heightened focus on NVIDIA's role in the booming AI sector, where its GPUs remain the dominant choice for training and now increasingly for inference — the phase where AI models generate responses and outputs. CEO Jensen Huang used the keynote to emphasize this shift, unveiling the Groq 3 AI chip (likely a next-generation accelerator or related tech in the lineup), a new CPU server design for data centers, and tools to bolster enterprise AI adoption.
