Published September 30, 2015 12:48pm EDT | Updated September 30, 2015 2:04pm EDT

Nvidia Shares Hit 52-week High On Microsoft Collaboration News

Shares of Nvidia Corp. rose to their 52-week high on Wednesday following an announcement that Microsoft Corp. adopted the company's graphics technology for its Azure cloud platform. Nvidia shares rose 3% to $24.40, extending gains for a second day. The stock is up 22% year to date on the back of a 21% climb in the third quarter, making it among the best S&P 500 stocks in the quarter.