Breaking News

NVIDIA Stock Continues to Rise: New Investment and Partnership Propel NVIDIA and HPE Stocks

On Tuesday, the spotlight at the stock exchange was once again on NVIDIA. The chip company surpassed Microsoft with a market capitalization of $3.3 trillion, making it the most valuable publicly traded company in the world. However, this ascent to the top wasn’t the only news about NVIDIA. During its Discover conference, Hewlett Packard Enterprise (HPE) announced a partnership with the chip giant, and a startup specializing in autonomous trucks is also set to benefit from NVIDIA’s involvement.

NVIDIA and HPE to Bring More Generative AI to Businesses

Hewlett Packard Enterprise (HPE) and NVIDIA are teaming up to accelerate the industrial revolution of generative AI. On Tuesday, they announced a new partnership called “NVIDIA AI Computing by HPE.” According to a press release, the two companies plan to develop several AI solutions to help businesses adopt generative AI more quickly.

“To unlock the immense potential of generative AI in businesses, HPE and NVIDIA have jointly developed a turnkey private AI cloud. This allows companies to focus their resources on developing new AI use cases that can boost productivity and open new revenue streams,” said HPE CEO Antonio Neri in the statement. The HPE Private Cloud AI represents the most comprehensive integration of NVIDIA AI computing, networking, and software with HPE’s AI storage and computing to date. According to “MarketWatch,” Neri explained at the Discover conference that companies can now start with large language models pre-trained on public data and further train them in a secure private cloud with their own data to create a unique, private AI system. He described this as “retraining the model directly with their own private data.”

NVIDIA CEO Jensen Huang also expressed enthusiasm for the new cooperation. “Never before have NVIDIA and HPE integrated their technologies so deeply—combining the entire NVIDIA AI computing stack with HPE’s private cloud technology—to equip enterprise customers and AI experts with the most advanced computing infrastructure and services, pushing the boundaries of AI,” he said in the press release.

The expansion of the partnership between NVIDIA and HPE was well received at the stock exchange. HPE’s stock at the NYSE rose 1.44 percent to $21.84 on Tuesday and continued to climb with a 1.42 percent increase to $22.15 in after-hours trading. NVIDIA’s stock also saw a significant rise, increasing 3.51 percent to $135.58 in regular trading on the NASDAQ. In after-hours trading, the stock gained an additional 0.6 percent, reaching $136.40.