NVIDIA Stock News

Once the darling of the entire stock market, Nvidia Co. NASDAQ: NVDA is now raising some suspicion as to whether this stock is now in correction territory or whether bulls are only consolidating before coming in with the next wave of aggressive buying. Investors can know this by looking at the chart during the past quarter.

An SEC filing dated October 1 reveals that billionaire venture capitalist and partner at S-Cubed Capital, Mark Stevens, a member of Nvidia's (NASDAQ: NVDA) board of directors, has sold 40,000 Nvidia shares at a price of $121.0089.

Generative artificial intelligence leader OpenAI has raised $6.6 billion in new funding, valuing the startup at $157 billion. New investors include SoftBank and Nvidia.

Nvidia CEO Jensen Huang said in an interview with CNBC's "Closing Bell Overtime" that demand for the company's next-generation artificial intelligence chip Blackwell is "insane." Blackwell, expected to cost between $30,000 and $40,000 per unit, is in hot demand from companies like OpenAI, Microsoft, Meta and other firms building AI data centers.

Nvidia (NVDA, Financial) saw its stock rise by 3.4%, closing at $122.96. The increase follows statements from CEO Jensen Huang, who revealed an extraordinary demand for the company's upcoming Blackwell AI processors.

24/7 Wall St. recently launched an AI portfolio where we're publicly investing $500,000 in a portfolio of leading stocks in the AI space.

Artificial intelligence (AI) giant OpenAI has raised $6.6 billion in new funding at a $157 billion valuation—more than the market caps of companies like Uber Technologies (UBER) and Lowe's (LOW).

Nvidia and Accenture team up to bring AI solutions to enterprises.