Nvidia Partners with Corning for Optical Technology Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy NVDA?
Source: Fool
NVIDIA Corp's stock rose 3.00% and reached a 52-week high amid positive market conditions.
The company has signed a significant $3.2 billion deal with Corning to develop optical technologies, marking a crucial step in NVIDIA's transition to fiber-optic cables. This partnership is expected to enhance U.S. manufacturing capabilities and create thousands of jobs, reflecting NVIDIA's strong confidence in the fiber-optic market.
This collaboration not only strengthens NVIDIA's position in the semiconductor industry but also highlights the growing demand for advanced optical technologies in the AI sector, positioning the company for future growth.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 235.740
Low
200.00
Averages
264.97
High
352.00
Current: 235.740
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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