At the time of the H200 chip release, NVIDIA's stock price has risen for ten consecutive days

On November 15th, the stock price of chip giant NVIDIA rose 2.1% on Tuesday to close at $496

On November 15th, the stock price of chip giant NVIDIA rose 2.1% on Tuesday to close at $496.56 per share, setting a new historical high. This is already its 10th consecutive day of gains, tying the company's longest consecutive rise record.

According to Bloomberg data, upgrading artificial intelligence (AI) processors has helped boost NVIDIA's stock price. In the recent round of rebound, it has risen by 22% and its market value has increased by approximately $219 billion. Meanwhile, competitors are busy searching for alternative solutions to challenge Nvidia's dominant position in the field of artificial intelligence.

As the world's largest chip manufacturer by market value, Nvidia's stock has risen by over 240% this year, becoming the best-performing component on the Nasdaq 100 Index and the S&P 500 Index. The AI boom has driven the stock price up. The latest rise coincides with a rebound in technology stocks, with hopes that the Federal Reserve's interest rates have reached their peak.

Nvidia has just announced the launch of a new chip called H200, which will be able to utilize high bandwidth memory (HBM3e) to better handle large datasets required for the development and implementation of artificial intelligence.

Chris Caso, an analyst at Wolf Research, wrote in a report: "In the past, Nvidia has not updated its previous data center GPUs. Therefore, this further demonstrates Nvidia's ability to accelerate product releases in response to the growth and performance demands of the artificial intelligence market, thereby expanding its competitive advantage

The current NVIDIA H100 processor is already in high demand.

The company's accelerated release of products such as H200 is expected to help protect its market share, "said Kunjan Sobhani, an industry research analyst at Bloomberg. This new artificial intelligence processor is equipped with high bandwidth memory and may become the most high-performance GPU in the market, raising the competitive threshold

Nvidia will release its financial report on November 21st. Last month, Nvidia was under some pressure due to new regulations in the United States prohibiting the sale of its cutting-edge artificial intelligence chips to China. (Small)