On November 10 (local time), the three principal U.S. stock indices staged a collective rebound, with the Nasdaq spearheading the gains. Big-cap tech stocks broadly climbed, and Nvidia's share price finished the day up 5.79%, achieving its most significant single-day surge since April. The stock closed at $199.05 per share, propelling its total market capitalization to roughly $4.84 trillion, a staggering increase of RMB 1.8 trillion overnight. Prior to this, after reaching an all-time peak on October 29 (U.S. Eastern Time), Nvidia's stock price saw a slight pullback, hitting a low before bouncing back on November 7. Recently, Nvidia has unveiled multiple cooperation pacts. These include constructing an artificial intelligence computing center with Deutsche Telekom, supplying accelerator chips to South Korean firms, and intending to invest in Poolside. At the GTC Conference on October 28, Nvidia's CEO, Jensen Huang, gave a speech mapping out the future development roadmap of AI. He discussed solutions for connectivity challenges, the unveiling of new technologies, and other pertinent subjects. Huang also declared initiatives like collaborating with Uber to create an autonomous driving mobility platform and teaming up with Foxconn to set up a robot manufacturing hub, all while addressing industry controversies regarding the AI bubble.
