Comment on Nvidia is nearing a record high. This is what's driving it.

Nvidia is nearing a record high. This is what's driving it.

Jensen Huang, CEO of NVIDIA, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams/CQ-Roll Call/Getty ImagesNvidia's stock surged 25% since September, nearing its all-time high.OpenAI's $6.6 billion funding last week preceded the stock's ascent.Two other key factors signal ongoing demand for AI computing.A steady flow of news has added up to a banner month for Nvidia, as investors seem to have let go of some of their trepidation around generative AI — at least for now.By Wednesday's market close, Nvidia's stock was up nearly 25% since September, bringing it closer to once again being the most valuable company in the world.

 

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