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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] Wall Street’s artificial intelligence (AI)-related stocks once again traded lower, but Nvidia bucked the trend, rising 0.73% on news that it has acquired an AI software company.
On December 15 (local time), Nvidia shares closed up 0.73% at USD 176.29 on the New York Stock Exchange.
Earlier in the day, Nvidia announced the acquisition of AI software firm SedMD, although the purchase price was not disclosed.
SedMD is a chip design company specializing in AI technologies. The firm is known not only for its semiconductor design capabilities but also for owning proprietary AI models.
The acquisition is widely seen as a strategic move by Nvidia to further widen its technological lead over competitors. Investor expectations that the deal will strengthen Nvidia’s dominance in the AI industry appear to have supported the stock’s gains.
Although the increase was modest, Nvidia’s performance stood out on a day when AI-related stocks broadly declined, with shares of Broadcom plunging more than 5%.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
