Nvidia (NVDA) rebounded this week with a 4.2% gain, following a 4.1% loss last week, driven by Morgan Stanley's endorsement and Meta Platforms’ plans to install 350,000 Nvidia H100 graphic cards by year-end.
The AI chip leader launched its AI Foundry service and is partnering with Foxconn to meet the rising demand for AI chips. Despite recent institutional selling, Nvidia reported a 262% increase in first-quarter sales. With AI chip revenue expected to grow significantly, Nvidia is well-positioned for continued growth in the industry.
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