US EditionNvidia becomes first company to clinch $4 trillion in market value
UNITED STATES, JUL 9 – Nvidia's market cap surged 20% this year, driven by AI chip demand powering leading tech firms and generative AI growth, marking a major milestone in the semiconductor industry.
- On Wednesday, Nvidia made history as the first publicly listed firm to achieve a market capitalization exceeding $4 trillion, surpassing both Apple and Microsoft.
- This milestone followed a rapid rise from a $2 trillion to over $3 trillion valuation in just four months, driven by surging AI demand and gaming GPU sales.
- Nvidia's $44.1 billion revenue for the quarter ending in April marked a 69% increase from the previous year amid strong sales of AI-optimized GPUs.
- Goldman Sachs' Brook Dane remarked that Nvidia's rise to a $4 trillion market value marks the beginning of one of the most significant technological shifts in many years, emphasizing its impact on AI development.
- Nvidia's record market cap emphasizes its central position in the AI infrastructure boom and suggests expectations for continued growth despite some uncertainty.
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AI Gold Rush: Nvidia Becomes First Company to Hit $4 Trillion Market Cap
Nvidia has reportedly become the first company to hit a $4 trillion market cap after the AI giant's stock jumped on Wednesday. The post AI Gold Rush: Nvidia Becomes First Company to Hit $4 Trillion Market Cap appeared first on Breitbart.
The incontestable dominance of its chips and a great strategic vision have driven the technology to the Olympus Stock Exchange, while opening a debate on a possible bubble in the sector of the AI Read
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