Valued at a market capitalization of nearly $3.3 billion, Nvidia (NVDA) is among the world’s largest companies. The chip stock has surged over 800% since late 2022, as it is at the epicenter of the artificial intelligence (AI) megatrend.

Historical tests on the S&P 500 stocks show that a stock has a 2/3 chance of closing higher when its 50-day moving average is in an uptrend. The reverse is also true that a stock is 2/3 likely to close lower each day its 50-day is trending lower.

While Nvidia loses support in a risky late-stage base, Baker Hughes stock taps strong growth and AI to drill toward a breakout.

Artificial intelligence (AI) has unleashed a technological revolution, and one company sits at its very core. Nvidia (NASDAQ: NVDA) powers nearly every major AI breakthrough, from autonomous vehicles to drug discovery to advanced robotics.

Nvidia (NVDA) is a technology company that focuses on designing and developing graphics processing units (GPUs) for high-performance computing. It also develops application programming interfaces (APIs) and is the market leader in artificial intelligence (AI) hardware and software.