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Meta, Microsoft, and Tesla Are Driving Demand for Nvidia's Products

Nvidia's GPUs are becoming foundational inputs for many of the world's largest businesses.

By Parkev Tatevosian, CFA – Aug 30, 2023 at 4:30AM EST

Fool.com contributor Parkev Tatevosian elaborates on how Nvidia's (NVDA +5.93%) products are helping Meta (META +1.33%), Microsoft (MSFT +0.66%), and Tesla (TSLA +2.40%) improve their businesses.

*Stock prices used were the afternoon prices of Aug. 26, 2023. The video was published on Aug. 28, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$208.15
(+5.93%)+$11.65
Microsoft Stock Quote
Microsoft
NASDAQ: MSFT
$414.10
(+0.66%)+$2.72
Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$613.03
(+1.33%)+$8.07
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$398.71
(+2.40%)+$9.34

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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