Nvidia up; unveils new open-source AI models, acquires AI software co SchedMD

Shares of chipmaker Nvidia NVDA.O up 1.4% at $177.38

NVDA unveils a new family of open-source AI models that co says will be faster, cheaper and smarter than its previous offerings; models come out at a time when Chinese open-source offerings proliferate

Co reveals the third generation of its "Nemotron" large-language models aimed at writing, coding and other tasks; the smallest of the models, Nemotron 3 Nano, was released on Monday

Separately, NVDA says it has acquired AI software provider SchedMD

Up to last close, NVDA had gained ~30% YTD