Using cash saved from gifts and part-time jobs, he bought an undisclosed amount of Nvidia shares last month. Nvidia’s chips power the AI models behind the artificial intelligence boom, including popular tools like ChatGPT. This week, Nvidia’s stock price increase drove the S&P 500 to a record close. Google, Amazon and Facebook are buying more Nvidia chips for their own data centers to handle the massive - and growing - demands of AI processing. And as Big Tech executives began orienting their companies toward AI, Nvidia’s revenue and stock price began to rise.

Source: Washington Post March 15, 2024 18:59 UTC