Shares of Nvidia (Nasdaq: NVDA) stock inched up a respectable 2% as of 2:15 p.m. EDT Monday after the graphics, crypto-mining, and artificial intelligence semiconductor manufacturer announced an advance in the latter part of its business this morning.

As Nvidia revealed, it is setting up a "hosted AI development hub" called the "NVIDIA Base Command Platform" to offer its customers "instant access to powerful computing infrastructure wherever their data resides."  

Image source: Getty Images.

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Source Fool.com