NVIDIA Corporation is trading 1.2% up now at $227.06, extending its strong rebound following Computex product announcements and positive industry supply outlooks.
- The company showcased its new RTX Spark superchip and the production ramp of Vera Rubin AI rack-scale systems, signaling continued innovation in the AI space.
- Sentiment is bolstered by SK Hynix’s plan to double wafer capacity and warnings that memory shortages could persist until 2030, highlighting sustained long-term demand for AI hardware.
- The stock continues its momentum from last week’s AI-led rally, building on a significant 6.3% gain recorded on June 1.