Nvidia hits record $5.5 trillion value. First company to ever reach mark
Shares of the AI juggernaut are up nearly 20% in the last four weeks.
Shares of the AI juggernaut are up nearly 20% in the last four weeks.
Shares of the world’s largest company approached another record.
There’s a new member of the $300 billion club and a second sibling from America’s richest family among the planet’s ten wealthiest people.
Shares of Nvidia are now up 16% on the year after slumping in March.
Artificial general intelligence, or AGI, is a loosely defined term describing artificial intelligence models that can match or surpass human intelligence.
Nvidia, alongside a group of other leading tech stocks, jumped Monday, sending the Nasdaq up more than 1%.
Trump said Nvidia’s most advanced AI chips will not be sold to China, a few days after he signaled he would be willing to discuss export controls on them with Xi Jinping.
The company, worth $10 billion a decade ago, has reached record milestones driven by growing AI demand.
Nvidia’s investment in its struggling rival comes less than a month after the U.S. government took a 10% stake in Intel.
The company previously forecast a $5.5 billion hit to sales after the U.S. imposed restrictions on its H20 AI chips.