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Nvidia (NASDAQ:NVDA) is well known for its high-performance graphical processing Units (GPUs) for both PCs and data centers. The company is poised to become the “backbone of the AI industry” due to its state-of-the-art GPUs (A100 and H100). Its stock price has increased by 111.4% since September 2022. This post discusses the reasons why Nvidia is the “backbone of the AI industry” and also breaks down the technical charts for the stock.
