Nvidia Becomes World’s 1st $5 Trillion Company, Amid AI Boom
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Nvidia, South Korea
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China, Nvidia and Trump
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CEO Jensen Huang has stated that global data center capital expenditures are expected to rise from $600 billion this year to $3 trillion to $4 trillion by 2030. That's monstrous growth, and if he's right, Nvidia stock will be a must-own. Consider buying it in November to take advantage of this forecasted growth.
Nvidia (NASDAQ: NVDA) has been one of the best artificial intelligence (AI) stocks to own since the AI arms race kicked off in 2023. Its technology has powered most of the AI we experience today, and that's unlikely to change much in the future.
The ravenous appetite for Nvidia’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Nvidia, a brand that has become synonymous with artificial intelligence (AI), has 95% of its $4.3 billion portfolio invested in CoreWeave and Arm. CoreWeave has been recognized as the best GPU cloud on the market due to its superior performance and close relationship with Nvidia.
Nvidia CEO Jensen Huang urges the US to stay engaged with China in the global AI race, warning that isolation could hurt innovation and long-term leadership.