Nvidia's market cap is equivalent to 3.6% of global GDP
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Twenty, 30 years ago, we are really the leader,” CEO Lip-Bu Tan said in a message to employees, as reported by The Oregonian. “Now I think the world has changed. We are not in the top 10 semiconductor companies.
Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.
NVIDIA’s market value broke a record on Wednesday after dipping in spring amid political uncertainty and chip restrictions.
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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,
Dieter Fox, the former head of NVIDIA's robotics research lab in Seattle, is launching a robotics initiative at the nonprofit Allen Institute for AI (Ai2).
Analysts see paths to more milestones for Nvidia after the stock closed at a $4 trillion market capitalization for the first time Thursday.
A Historic Valuation Milestone In a historic moment yesterday, Nvidia (NASDAQ:NVDA) became the first company ever to surpass a $4 trillion market valuation, cementing its dominance in the tech sector.