Nvidia Gains on Strategic Partnerships While Chip Demand Persists
Nvidia shares extended gains for a second session, rising 0.3% in premarket trading following a 1.7% advance. The stock's movement comes amid below-average trading volume, with prices hovering NEAR $180—below its 50-day moving average of $185.
The chipmaker made strategic moves to solidify its industry position, taking a $2 billion stake in Synopsys at $414.79 per share. This investment in the electronic design automation leader grants Nvidia influence over semiconductor design tools. The company plans to integrate its CUDA-X and AI platforms into Synopsys workflows, potentially countering Google's Tensor Processing Unit initiatives developed with Broadcom.
Parallel developments saw Hewlett Packard Enterprise deepen its Nvidia collaboration through an AI Factory Lab in France, while Japanese robotics firm Fanuc incorporated Nvidia technology to create voice-responsive AI robots.
