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Nvidia Surges Toward Record Highs on Hugging Face Deal and Upbeat AI Outlook

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The Story

News Summary

  • Nvidia is driving Big Tech near record highs following strong earnings guidance projecting over 70% revenue growth and the announced acquisition of AI developer platform Hugging Face.
  • The chipmaker has outpaced the broader semiconductor sector over the last three months, reaffirming its dominance in the artificial intelligence infrastructure trade.
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NVDA price history

218.29 +19.87% over the displayed period

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