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💰 Shares of graphics chipmaker Nvidia wilted amid the tech rout in 2022, with its China exposure exerting further downward pressure. The stock has made a strong comeback this year and has remained fairly resilient amid the market sell-off seen since mid-February. What's Powering Nvidia Rally? The turnaround in the stock began ahead of the year-end, having hit a low of $108.13 on Oct. 13, 2022. Nvidia shares continued to push ahead into the year-end and in 2023. Much of the gains seen this year have been built on the back of the stalling of the deterioration in fundamentals and the AI conversation that perked up amid the Microsoft-Open AI partnership. OpenAI reportedly used 10,000 Nvidia GPUs To train ChatGPT. Citigroup analysts estimate that Nvidia could rake in $3 billion to $11 billion in sales from increased ChatGPT usage. Returns From Nvidia: If an investor had put in $1,000 in Nvidia stock when it bottomed in mid-October, he would have in hand about 9.3 shares. The same 9.3...

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