AI, NVIDIA
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NVIDIA Shares Soar
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Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a rally that has cemented its place at the center of the global artificial intelligence boom. The Wall Street milestone underscores the company's swift transformation from a niche graphics-chip designer into the backbone of the global AI industry,
B EFORE CO-FOUNDING Nvidia, the pioneer of artificial-intelligence (AI) chips, Jensen Huang was a busboy at Denny’s, a restaurant chain. He playfully reminded people of this on
Nvidia commits $1 billion to acquire a 2.9% stake in Nokia, aiming to build AI-networking infrastructure and signal next-gen connectivity strategy.
Nvidia became the first company to surpass $5 trillion in market value after a fresh rally driven by AI-chip demand.
Nvidia Corp. has gradually become one of the most important players in the venture capital world, without being a VC firm.
The $5 trillion valuation surpasses the total cryptocurrency market value and equals roughly half the size of the pan European Stoxx 600 equities index, Reuters notes. At current prices, Huang’s stake in Nvidia would be worth about $179.2 billion, making him the world’s eighth-richest person.
Nvidia Corp. achieved a historic $5 trillion market capitalization on Wednesday as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new
Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue.
Arrive AI shares jumped over 5% as Nvidia’s record-breaking $5 trillion valuation fueled gains across AI-linked and crypto-integrated companies.