Artificial intelligence Nvidia, a leading AI chip company With a gain of over 3%, if this trend continues until the market opens, Nvidia will become the first company to surpass a market capitalization of $5 trillion, further solidifying its position as the world's most valuable company. Just a few months ago (in July), Nvidia became the first company to close with a market capitalization exceeding $4 trillion.
As of Tuesday's close, Nvidia's market capitalization stood at $4.89 trillion, with its stock price rising 4.98% to a new all-time high. Year-to-date, Nvidia's stock price has surged over 50%, more than doubling since its April lows.
Nvidia's latest stock price surge was fueled by a speech by its CEO, Jensen Huang, who announced a series of positive news at Nvidia's GTC conference on Tuesday.
Jensen Huang stated that the company has secured $500 billion worth of AI chips. The company has received orders and plans to build seven supercomputers for the U.S. government, one of which will be equipped with 10,000 Blackwell GPUs.
Nvidia showcases its AI technology in the global robotics world . Its wide range of applications in the field will involve participation from companies including Amazon. Foxconn Caterpillar Collaboration projects with numerous companies, including Belden.
NVIDIA also announced a new open system architecture, NVQLink, designed to accelerate the development of quantum supercomputers, with partners including Rigetti and IonQ.
On that day, Jensen Huang announced collaboration plans with several companies, including a partnership with Uber to develop an autonomous vehicle fleet and a partnership with Nokia . Collaborative research and development of next-generation 6G communication technology, and a donation to pharmaceutical company Eli Lilly The company sells 1,000 GPUs, etc.
As Nvidia approaches a $5 trillion market capitalization, it coincides with Microsoft's... And Apple Both have surpassed the $4 trillion mark, making them the world's second and third largest companies by market capitalization, respectively. Even its closest competitor lags behind Nvidia by approximately $1 trillion, highlighting Nvidia's status as the "crown jewel" of the global AI boom.
Nevertheless, Nvidia also faces increasingly fierce competition.
Recently, AMD signed an agreement with OpenAI to supply the latter with up to 6 gigawatts of AI processors, and also partnered with Oracle. An agreement was reached to purchase 50,000 GPUs. This week, Qualcomm... Announces entry into AI data center The company launched its self-developed AI chip to the market.
Meanwhile, Nvidia’s major customers— Microsoft , Google, and Amazon , among others—are also accelerating the development and use of their own AI chips .
(Article source: CLS)
