Nvidia stock is a hot commodity for traders around the world and, in part, this is all thanks to Facebook – or Meta – founder Mark Zuckerberg.
Here’s why everyone is buy Nvidia stock
The value of Nvidia, a US multinational tech company that producers chips and other processing units for the gaming and professional markets, saw a surge after Zuckerberg’s presentation of Meta, a social metaverse where humans will be able to lead very immersive virtual lives.
The part about Meta that puts it on the forefront of the evolution of social technology is Zuckerberg’s idea of how reality with interact with the virtual realm. The technology required to actualise the metaverse concept is being developed and Nvidia stands in a favourable position as a key architectural component.
To meet the future halfway, Nvidia has already announced the development of its very own omnivores, an open platform for virtual collaboration.
“Omniverse will be used from collaborative design, customer service avatars and videoconferencing, to digital twins of factories, processing plants, even entire cities,” Huang said in the earnings release,” Nvidia CEO Jensen Huang said in a recent earnings report.
As indicated by Barrons, financial market analysts understand the importance of the Nvidia stock. By 18:29 on Thursday 18 November 2021, the stock had risen by 27.84 base points (9.48%) to $320.37 per share, after opening at $323.67.
The biggest jump seen on the stock thus far is in it’s market capitalisation. On Wednesday, Nvidia closed with $731.5 billion. A business day later, the tech giant’s mkt cap exploded to $800.98 billion.