Nvidia Hits $5 Trillion Milestone Amid AI Race
Nvidia has made history as the first public company to achieve a $5 trillion market capitalization, just 3.5 months after surpassing the $4 trillion mark. The surge in shares—up 14.5% last week—stems from a booming demand for its GPUs and potential access to Chinese markets for its advanced chips.
Key Highlights:
- AI Chip Demand: Nvidia’s chips are critical for training large AI models, making them indispensable for tech giants.
- Competitive Landscape:
- Apple is also on the rise, briefly reaching a $4 trillion valuation and investing in AI server technology.
- Both companies are integral to the evolving AI ecosystem.
In a politically charged environment, discussions around chip sales to China may alter the competitive landscape.
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