NVIDIA Reaches Historic Valuation
NVIDIA's market value surpassed $5 trillion on Wednesday, with a 3% rise in its share price, making it the first company to cross this threshold.
This milestone reinforces NVIDIA's dominance in the artificial intelligence (AI) semiconductor market, coming just three months after hitting the $4 trillion mark.
- NVIDIA expects $500 billion in AI chip orders, as announced by CEO Jensen Huang.
- The company plans to build seven new supercomputers for the US government to support advanced AI research and national computing infrastructure.
- NVIDIA has formed a strategic partnership with Nokia to integrate its AI-powered RAN technology into Nokia's product portfolio.
NVIDIA's collaboration with Nokia aims to enable communication service providers to deploy AI-native 5G-Advanced and 6G networks using NVIDIA's computing platforms.
Author's summary: NVIDIA surpasses $5 trillion valuation.
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