Shares of Nvidia ( NVDA 4.71%) gained ground on Wednesday, climbing as much as 5.6%. As of 11:37 a.m. ET, the stock was up 4.5%. The catalyst that sent the artificial intelligence (AI) chipmaker higher was a report that suggested demand remained high for the company's processors in an important market.
Nvidia (NVDA) shares edged lower by 0.5% in afternoon trade on Tuesday amid the broader market slump following a report about harsher curbs on semiconductor sales to China ahead of its fourth-quarter earnings results.
Chinese tech giants Tencent, Alibaba, and ByteDance have ramped up orders for Nvidia's H20 AI chips, driven by the rising adoption of DeepSeek's cost-efficient AI models, reinforcing Nvidia's dominance in China despite U.
Alibaba releases free AI video model Wan2.1, boosting competition with OpenAI as China pushes open-source tech to drive innovation.
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.