Nvidia (NVDA) stock seems to be experiencing an upward surge after OpenAI launched its GPT-6 Astra model. In an X post on Sunday, Nvidia CEO Jansen Huang stated that “AGI has arrived.” AGI stands for Artificial General Intelligence, and is a hypothetical artificial intelligence that can match or surpass human capabilities. The launch of OpenAI’s GPT-6 Astra seems to be pushing NVDA stock closer to its all-time high. Let’s discuss why.
Can Open AI’s GPT-6 Astra Push Nvidia Stock To A New All-Time High?
According to Huang’s X post, OpenAI’s GPT-6 Astra was trained on more than 100,000 Nvidia Grace Blackwell NVLink72 chips. Huang further said that another 400,000 GPUs (Graphics Processing Unit) will come online next. The move could lead to a substantial increase in investor confidence. The news about OpenAI’s GPT-6 has already got people talking. When 400,000 additional GPUs come online, we may most likely see some positive price action.
Nvidia (NVDA) is the clear market leader in the age of AI. Even Elon Musk said that SpaceX would build exclusively on Nvidia (NVDA) chips, calling them the best hardware in the market right now.
Not only that, Nvidia also announced a strategic partnership with some of the biggest names in Wall Street, ; Apollo, Blackstone, Brookfield, Goldman Sachs, and KKR. The collaboration aims to mobilize $500 billion in third-party capital to build AI infrastructure.
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Nvidia being endorsed by some of the biggest names in tech and finance adds to the increasing confidence investors feel. Moreover, its innovations in AI chip manufacturing have pushed the company’s stock to new heights within a very short time. Chances are very high that Nvidia will continue its current trajectory and may hit a new all-time high before the year ends. $300 could be a real target by 2027.