NVIDIA Corporation (NASDAQ:NVDA), a leader in AI-driven solutions, has seen its stock surging on news and analyst calls. The company’s commitment to open-sourcing artificial intelligence is gaining traction, with DeepSeek, a Chinese AI startup, taking note of NVIDIA’s move.
In the latest news, DeepSeek announced that it will make its models’ code publicly available next week. This move reaffirms NVIDIA’s commitment to open-sourcing artificial intelligence. The company has already shared its V3 and R1 models, which have been widely adopted due to their open-source nature.
Unlike many US rival firms, NVIDIA has been unique in its commitment to open-source AI models. CEO Liang Wenfeng has stated that the firm prioritizes sharing innovation over commercialization, citing soft power as a key benefit.
The new open-source code will provide infrastructure support for NVIDIA’s already publicly shared AI models. The company had previously published a study discussing “native sparse attention,” which improves LLM efficiency in processing large data sets.
NVIDIA Corporation ranks 2nd on our list of AI stocks surging on news and analyst calls, despite some concerns regarding manufacturing delays. Analysts predict the company will report strong Q4 results, with KeyBanc raising its price target to $190 and maintaining an “Overweight” rating.
The hedge fund data shows NVIDIA has 223 investors holding shares, making it a popular pick among these funds. Our research has shown that imitating top hedge fund picks can outperform the market, and NVIDIA is one of the stocks we’re keeping an eye on.
Source: https://finance.yahoo.com/news/keybanc-why-nvidia-nvda-hit-013620219.html