"The value of Nvidia's stock has increased significantly in recent years, largely due to the high demand for its AI chips."
"According to Reuters, another milestone was passed during Wednesday's trading on the Nasdaq stock exchange, as Nvidia became the first company to be valued at $5 trillion."
"The previous milestone, $4 trillion, was passed as recently as July."
Nvidia's stock value has risen markedly in recent years because of high demand for its AI chips. Trading on Nasdaq during Wednesday pushed the company's market valuation to $5 trillion, making Nvidia the first company to reach that level. The $5 trillion milestone followed a $4 trillion valuation achieved as recently as July. Rapid valuation increases reflect strong investor enthusiasm for AI hardware and Nvidia's central role in supplying GPUs for model training and inference. The milestones demonstrate the outsized market impact of AI chip demand on semiconductor valuations.
Read at Computerworld
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