NVIDIA Corporation (NVDA) Supercomputer Chips Has Many Powerful Applications

NASDAQ: NVDA | NVIDIA Corporation News, Ratings, and Charts

NVDA – The world’s most powerful new supercomputer has been unveiled, and Nvidia chips are a big part of it.

In addition to focusing on impressive growth in its core businesses, NVIDIA Corporation (NASDAQ:NVDA) has also found the time to help IBM build the world’s fastest supercomputer. While the computer itself is incredibly impressive, what’s inside is turning heads as well.    

Marketwatch shares some insight in to Nvidia’s role in building the impressive machine.

Summit comprises 4,608 servers with 9,216 IBM IBM, +0.20% Power9 processors, but at the core of the massive level of computational capability is the 27,648 flagship Nvidia NVDA, +0.62% Volta graphics chips that are capable of drastically accelerated AI and machine-learning performance.

Though built by the Department of Energy and Oak Ridge, Nvidia is the company that benefits the most from its launch. As the market continues to adopt GPU technology in high-performance computing systems, Nvidia’s leadership position with these platforms provides long-term leadership stability for the company.

Ryan Sgrout, founder and lead analyst for Shrout Research, explains that this could be yet another turning point for the chipmaker. “This is yet another indicator that Nvidia owns the supercomputing market, with leadership performance and partnerships,” he writes. “The company’s investments in developer communities and software integration for its graphics chips over the past decade has become one of the most impressive long-term investments from a corporate-strategy perspective.”

Nvidia has become a recognized leader in a number of different segments in recent times, and it’s safe to assume the company’s needle will be pointing up for the foreseeable future.

NVIDIA Corporation shares were trading at $264.13 per share on Wednesday morning, up $1.55 (+0.59%). Year-to-date, NVDA has gained 36.67%, versus a 5.04% rise in the benchmark S&P 500 index during the same period.

NVDA currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #2 of 95 stocks in the Semiconductor & Wireless Chip category.

NVDA at a Glance

NVDA Current POWR Rating™
Overall POWR Rating™
NVDA Current Price $151.72 1.93%
More NVDA Ratings, Data, and News

NVDA Price Reaction

The day of this event (Jun. 13, 2018)
NVDA Closing Price$261.99 0.07%
NVDA Volume8,468,190
47.83% from avg
Leading up to this event
NVDA 1-mo returnN/A%
After this event
NVDA 1-day return1.62%
NVDA 3-day return0.95%
NVDA 5-day return0.10%

NVDA Price Chart

The Top Stocks For 2019

More NVIDIA Corporation (NVDA) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All NVDA News
Page generated in 0.8448 seconds.