Nvidia Stock Surges After Musk Spotlights Latest AI Milestone

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 22, 2024 19:19

Elon Musk celebrated the initiation of training for xAI’s Memphis Supercluster in an X post. Elon Musk lauded Nvidia for the support extended toward this milestone. Following this, the Nvidia stock rose by 2.26% to $120.58 in the pre-market session. The Memphis Supercluster, a massive computing facility equipped with 100,000 of Nvidia’s H100 GPUs, is set to train the next version of xAI’s chatbot, Grok. Moreover, these GPUs are designed for training artificial intelligence models. The surge in Nvidia‘s stock aligns with a broader positive trend in the market.