NVIDIA Reaches $5 Trillion Valuation Milestone
NVIDIA's market value exceeded $5 trillion on Wednesday, driven by a 3% rise in its share price, making it the first company to surpass this threshold.
This achievement reinforces NVIDIA's dominance in the AI semiconductor market, coming just three months after hitting the $4 trillion mark.
Recent Developments
- NVIDIA expects $500 billion in AI chip orders, as announced by CEO Jensen Huang.
- The company plans to build seven new supercomputers for the US government to support advanced AI research.
- NVIDIA has formed a strategic partnership with Nokia to integrate AI-powered RAN technology into Nokia's product portfolio.
NVIDIA's computing platforms aim to enable communication service providers to deploy AI-native 5G-Advanced and 6G networks.
Author's summary: NVIDIA surpassed $5 trillion valuation.
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