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

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

NASDAQ: NVDA

Nvidia

Market Cap

$2,359B

Today's Change

(-0.29%) -$2.71

Current Price

$943.59

Price as of May 16, 2024, 4:00 p.m. ET

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

Fool.com contributor Parkev Tatevosian elaborates on how Nvidia's (NVDA -0.29%) products are helping Meta (META -1.73%), Microsoft (MSFT -0.49%), and Tesla (TSLA 0.49%) improve their businesses.

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

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.