Nvidia Shares Are Trading Cheaper Today: What You Need to Know – NVIDIA (NASDAQ:NVDA), Micron Technology (NASDAQ:MU)

Nvidia Inc. NVDA the company’s shares fell on Friday along with the broader semiconductor sector, retreating after Thursday’s rally that followed strong earnings from Micron company HIM.

What else: Also, CEO of Nvidia Jensen Huang have recently turned their attention to nuclear energy as a viable option to power the rapidly growing number of data centers needed for artificial intelligence (AI) applications. In an interview with Bloomberg Television, Huang said nuclear power is a key part of the solution to meeting the growing energy demands of data centers, which are key to supporting the future of AI computing. He stressed the importance of using multiple sources of sustainable energy to balance availability, cost and long-term sustainability.

“And in the meantime, please do everything we can to compete in the markets we serve. We have a lot of customers there who rely on us and we will do everything we can to support them.” Huang said.

The growing demand for renewable energy is significant in regions where electricity production cannot cover the costs of building new data centers. Nvidia, a leader in AI hardware, is tackling these challenges because its latest chips – while more energy efficient – require significant amounts of energy to operate. Huang also addressed Nvidia’s efforts to comply with U.S. government regulations regarding exports to China while continuing to serve customers in the region.

NVDA Price Action: According to Benzinga Pro, Nvidia shares are down 2.87% to $120.49 at the time of writing.

See also:

Photo via Unsplash.