Nvidia, Jensen Huang
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Nvidia becomes 1st company to hit $5 trillion market value
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Nvidia stock (NVDA) rallied premarket, putting the artificial-intelligence juggernaut on course to be the first company to reach a market capitalization of $5 trillion. 📈 Shares recently traded at $207.
Now Wall Street is looking for some DC magic to get the shares running again. The chip giant’s three-day artificial intelligence conference called “GTC” began Monday in the US capital, and all eyes will be glued to the keynote address by Chief Executive Officer Jensen Huang scheduled for midday Tuesday.
According to a Bloomberg report, shares of fried chicken chain Kyochon F&B Co. jumped by 20%, while poultry processor Cherrybro Co. surged 30% on Friday, October 31. The trio’s casual night out quickly turned into a financial phenomenon as fans flooded social media with clips from the dinner.
As a key driver of the AI boom, Nvidia's share price has skyrocketed in recent years, becoming the most valuable company in history.
Nvidia Corporation's soaring valuation reflects high AI optimism, but risks loom. Click for my updated look at NVDA stock and where I see it headed.