Nvidia Rallies on Deal For AI Startup, Mining Stocks Soar, Tesla Slides
On this episode of Stock Movers:- Nvidia (NVDA) agreed to a licensing deal with artificial intelligence startup Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and will integrate its chip design into future products. The deal was reported on after the end of the trading day on Christmas Eve. Shares of Nvidia rallied when trading resumed on Friday.- Shares of mining companies like Coeur (CDE) and…
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