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NVIDIA Surges on Open-Source Model Development Plans

Guavy AI Editorial Team
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NVDA
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NVIDIA (NVDA.US) closed at $223.73 on Wednesday, its highest level in two months, after rising nearly 3% during trading with a total market capitalization of $5.44 trillion.

The news driving the stock's surge is NVIDIA's commitment to developing Nemotron 4, an open-source model with at least one trillion parameters, aiming to reduce its reliance on leading customers such as OpenAI and cloud giants.

NVIDIA's goal is to bring the performance of the largest version of Nemotron 4 up to par with the world's top open-source models.

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