Nvidia Corp (NASDAQ:NVDA) stock is trading higher Wednesday, buoyed by the continued artificial intelligence frenzy evident via its collaborations with Getty Images Holdings, Inc (NYSE:GETY) and Cloudflare, Inc (NYSE:NET).
Nvidia peer Advanced Micro Devices, Inc (NASDAQ: AMD) CEO Lisa Su’s optimistic outlook over AI prospects added to the momentum.
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Su expressed conviction on the prospects of PC gaming, console gaming, and cloud gaming at the Code Conference 2023.
She looks at AI on a 10-plus-year cycle with immense scope for improvement.
Additionally, supply chain constraints and China’s struggle with bolstering its semiconductor position will likely drive the prices of semiconductor chips, including AI chips.
Price Action: NVDA shares traded lower by 0.59% at $421.53 on the last check Wednesday.
