Why Nvidia's Stock Is Trading Higher Today

NVIDIA NVDA shares are trading higher after the company announced several products and partnerships.

Nvidia's GPU Technology Conference takes place this week from Oct. 5-9. With today being the first day of the conference, the GPU giant announced multiple new products and partnerships including: a new type of processor called DPUs, a partnership with GSK and new AI infrastructure and kits.

Nvidia is the leading designer of graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems.

Nvidia shares were trading 4.25% higher at $544.62. The stock has a 52-week high of $589.07 and a 52-week low of $176.50.