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Nvidia Stock Rises Ahead of GTC Event
Nvidia stock was rising early on Monday ahead of its hotly anticipated GTC developer conference.
Nvidia shares were up 1.9% at $183.67 in premarket trading. The stock has been range-bound for months and investors are hoping product and partnership announcements made at the conference –which starts Monday and continues to Thursday– will finally reignite the chip maker’s rally.
BNP Paribas Equity Research senior analyst David O’Connor expects more details on Nvidia’s next-generation of chip architecture, named “Feynman” and expected to launch in 2028. He is also looking for potential news of a processor specifically designed for inference –generating output from artificial–intelligence models– and plans to increase the use of optical networking technology.
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