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Nvidia (NVDA) Gains From $2.3B Cursor AI Funding Amid SoftBank Stake Sale

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Cursor, an AI code-generation startup backed by Nvidia and others, nearly tripled its valuation to $29.3 billion after raising $2.3 billion.
  • Despite strong AI investor interest, concerns arose as SoftBank sold its $5.8 billion Nvidia stake recently.
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NVDA price history

210.96 +18.92% over the displayed period

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