NVDA Stock: This Could Be Huge for NVIDIA Corporation

In case you haven’t noticed, NVIDIA Corporation (NASDAQ:NVDA) doesn’t just make graphic chips for hardcore PC gamers anymore. Turns out its chips can be used for a lot of other things, like driverless cars and cloud computing, which Nvidia is delving into. But there’s one technology in particular that Nvidia is betting big on that will be bullish for NVDA stock. Nvidia released a new state-of-the-art chip this past week that the company says will push artificial intelligence (AI) to new limits. The “Tesla P100 GPU” can perform deep learning neural network tasks up to 12 times faster than the company’s previous chip. (Source: “Nvidia bets big on AI with powerful new chip,” The Verge, April 7, 2016.) The P100 has 150 billion transistors on a single chip, which makes…

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