NVIDIA CEO on US-China AI race
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If Nvidia can maintain its market share within the data center space, it could generate nearly $300 billion in revenue from data centers alone. Considering that Nvidia's trailing-12-month revenue total is just shy of $150 billion, this indicates a significant amount of upside remains in Nvidia's stock.
The potential to compound one’s wealth grows by the day as the world shrinks by the day through commercial advances that reach greater and greater numbers of people.
Nvidia's stock market value ended the trading session above $4 trillion, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.
The A.I. chip maker reached the landmark before Apple and Microsoft, as its value rose more than tenfold after ChatGPT’s release in late 2022.
Analysts see paths to more milestones for Nvidia after the stock closed at a $4 trillion market capitalization for the first time Thursday.
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Nvidia becomes first $4 trillion company at market close. Its stock has increased more than 870 percent since ChatGPT was released in late 2022.
Nvidia currently has the highest market cap of $3.98 trillion. Founded by Jensen Huang, Chris Malachowsky, and Curtis Priem in 1993, the company first focused on producing multimedia processors and graphics chips. Its graphic processing units (GPUs) improved the look and feel of gaming and transformed video editing.
Shares of Nvidia ended up 0.75 percent at $164.10, giving it a market value of $4.004 trillion as it benefits from an ongoing surge in demand for artificial-intelligence technologies. Nvidia’s stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion.
Jensen Huang will meet President Donald Trump at the White House, a day before the chip designer's head plans to visit China.
Nvidia shares rose to a new record Thursday, helping lift the S&P 500 and Nasdaq composite to all-time highs of their own. The artificial intelligence chip-maker closed Thursday’s trading with a valuation of more than $4 trillion,
The United States’ plan to “re-industrialize” technology manufacturing is “exactly the right thing,” Jensen Huang, CEO of the world’s largest chipmaker, said Thursday.