The famous chipmaker, known as Nvidia Corp. NVDA, is making waves with a 2% surge in pre-market trading today, setting the stage for CEO Jensen Huang to address the masses at the GPU Technology Conference (GTC) 2024.
The much-anticipated keynote, slated from 4 p.m. to 6 p.m. EDT, marks the beginning of the company’s four-day hybrid event, running from March 18-21. Attendees at the San Jose McEnery Convention Center will find themselves near the SAP Center, eagerly awaiting insights on the innovative AI accelerator, Blackwell 100, or B100, along with revelations about Nvidia’s AI ecosystem.
Nvidia’s stock has been a standout performer since early 2023, ending the year on a high note as the top-performing S&P 500 stock, boasting a remarkable 239% rally. Year-to-date, the upward trend continues with an impressive 72% increase, though it has slightly pulled back from its recent intraday high of $974 (March 8) and closing peak of $926.69 (March 7).
The company’s market value surge has propelled it to the third spot globally, following tech giants Microsoft and Apple.
In the pre-market hustle, the stock sees a 2.06% climb to reach $896.48, as per Benzinga Pro data.
See Also: How To Buy Nvidia (NVDA) Stock
