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Nvidia stock edges up as industry report predicts 'unprecedented levels' of investments in AI data centers

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Data Centers,Unprecedented Levels,Technology Report

Nvidia stock rose on Wednesday following a bullish industry report on AI spending.

) stock rose as much as 3% on Wednesday after an industry report projected "unprecedented" levels of investments in AI, a bullish sign for the AI chip maker.published on Wednesday projects companies will need to make "unprecedented levels of investment" in technology infrastructure to stay on top of the artificial intelligence boom.

"Nvidia, for example, projected $10 billion in revenue from governments’ sovereign AI investments in 2024, up from zero last year," said the report. Revamped programs fast-track founders to market with flexible, on-demand resources VP, Programs, Dakota Simpson Headshot CEO Sam Davidson Headshot Nashville, Tenn. , Sept. 25, 2024 -- Nashville Entrepreneur Center announces a major restructuring of its programs, aimed at increasing the odds of success for founders by giving them more autonomy and reducing their time-to-market.

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