Shares of Nvidia Corp. shot up 3.5% in morning trade Tuesday, after the company said it will supply its artificial intelligence-focused graphics processing unit (GPU) hardware to several of China’s largest cloud-computing providers and server-hardware manufacturers. Speaking at a GPU Technology Conference in Beijing, Nvidia Chief Executive Jensen Huang said late Monday the technology giants included Alibaba Group Holding Ltd. , Baidu Inc. and Tencent Holdings Ltd. . Nvidia’s stock rally follows a five-session losing streak, the longest such stretch since January, in which it tumbled 8.9% from a record close of $187.55 on Sept. 18. The stock has still run up 16% over the past three months, while the PHLX Semiconductor Index has climbed 5.2% and the S&P 500 has gained 2.6%.
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