Nvidia (NVDA) is the AI king. Its share of the global AI chip market is estimated at anywhere between 70% and 90%. Its high-powered graphics processors, which are perfect for training AI models and putting them to work, are in such demand that getting them is a task all its own. In June, with the AI craze in full swing, Nvidia’s market cap eclipsed the $1 trillion mark. And on Friday, shares of the company hit an all-time high of $549.91. It’s not just Nvidia’s hardware that helps it… Source link
Read More »Nvidia’s Stock Breakout Puts Amazon Within Sight
(Bloomberg) — Just 10 days into the new year and a familiar stock is back near the top of the leaderboard: Nvidia Corp. Most Read from Bloomberg After struggling for months to break out above $500 a share, last year’s best performer in the S&P 500 has pushed decisively into record territory with a nearly 9% advance. With its market value now at more than $1.3 trillion, it’s less than $250 billion shy of Amazon.com Inc., the fourth-most valuable company in the benchmark. The fact that… Source link
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