NVIDIA Became the World's First $4 Trillion Company
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Nvidia shares were down 0.8% at $162.86 in premarket trading, in line with a slump in wider market futures. The stock rose 0.8% on Thursday and the company became the first to close above $4 trillion, cementing its position as the world’s most valuable by market capitalization.
A Bloomberg analysis of documents and company filings show how China is building giant data centers in the desert to fuel its AI ambitions — and looking to buy 115,000 banned Nvidia chips to power them.
China’s Huawei Technologies is plotting a fundamental redesign of its next artificial intelligence chip in a bid to seize market share from Nvidia. The Chinese tech giant is working on a new AI chip design that would allow its chips to be used for a wider array of AI development work than its
Nvidia stock trades at $164.10 after hitting a $4 trillion market cap. Analysts eye AI growth and China talks as next catalysts.
Plans for around three dozen data centers and more than 100,000 Nvidia chips to be deployed in the deserts in Xinjiang have been uncovered by Bloomberg.
If China isn't able to import these chips, it could be that China is ready to make its own. Given Nvidia boss Jen-Hsun Huang has commented on the country's growing capabilities, China might be getting ready to fill its data centres with its own AI chips in the near future.
NVIDIA's upcoming B30 AI GPU made for China won't be sold before September, CEO Jensen Huang will visit China next week to prepare B30 for the country.
Nvidia plans to release a chip that is retrofitted from an existing Blackwell processor that was modified to meet chip export rules.
Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.