Nvidia stock price is surging thanks to ChatGPT and an expected boom in generative AI

The chipmaker says it anticipates a big revenue boost in connection with generative AI technologies, which require powerful chips.

The hottest tech stock so far this morning is Nvidia Corp. As of the time of this writing, Nvidia shares (ticker: NVDA) are up over 26% in pre-market trading. The massive surge in Nvidia’s share price is thanks primarily to one thing: the boom in generative AI technologies like ChatGPT. Here’s what you need to know.

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