NVIDIA Becomes First Company to Reach $5 Trillion Valuation
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China makes plenty of AI chips themselves
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The artificial intelligence giant Nvidia on Wednesday notched yet another historic milestone, becoming the first company to be worth $5 trillion. The value of Nvidia alone is now worth more than the GDP of every country on earth, except for the United States and China, according to World Bank data.
Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial intelligence craze that’s widely viewed as the biggest tectonic shift in technology since Apple.
Nvidia is working with several communications companies, including Booz Allen, Cisco, MITRE, ODC and T-Mobile to create what they're calling America's first AI-native wireless stack for 6G, integrating advanced AI across hardware, software and architecture to prepare future networks for the growth of AI traffic.
Nvidia became the first company to surpass $5 trillion in market value after a fresh rally driven by AI-chip demand.
SoundHound AI is a leader in combining artificial intelligence with audio recognition technology, which could be a huge application for AI. Could buying SoundHound AI stock now be like buying Nvidia in 2023? Let's take a look.
Shareholders of the Austin, Texas-based Bitcoin (BTC) mining company Core Scientific (Nasdaq: CORZ) have rejected a $9 billion merger deal with the AI cloud infrastructure company CoreWeave (Nasdaq: CRWV), the Bitcoin miner announced on Oct. 30.
PUBG publisher Krafton Inc. has partnered up with Nvidia to bring new AI-powered co-playable characters to the popular battle royale game.
In the past year, Nvidia stock has advanced 45%, bringing its market value to $5 trillion. More impressive, Palantir Technologies stock has advanced 335%, bringing its market value to $465 billion. That means the companies, in aggregate, are worth about $5.4 trillion.
US chip giant Nvidia will supply more than 260,000 of its most advanced artificial intelligence (AI) chips to South Korea's government, as well as Samsung, LG, and Hyundai. The companies will all deploy AI chips in factories to make everything from robots to autonomous vehicles.