Nvidia, a company that makes super-powerful computer chips, saw its stock price go up! This is great news for investors who own Nvidia stock. The increase is mostly because of strong demand for its chips in China.
- Big Chinese tech companies like Tencent, Alibaba, and TikTok's owner are buying lots of Nvidia's chips.
- These chips are used for super-smart computer programs called Artificial Intelligence (AI).
- Nvidia's stock price went up because people think there's still lots of demand for these chips, even though some thought demand might slow down.
| Fact | Number |
|---|---|
| Nvidia's stock price increase | 4.5% |
| Nvidia's 3-year stock growth | 448% |
| Nvidia's predicted revenue growth | ~70-73% |
