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Nvidia Becomes World’s 1st $5 Trillion Company, Amid AI Boom
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Nvidia commits $1 billion to acquire a 2.9% stake in Nokia, aiming to build AI-networking infrastructure and signal next-gen connectivity strategy.
Nvidia is on track to become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier
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.
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.
Nvidia Corp. plans to invest as much as $1 billion in the artificial intelligence company Poolside, according to people familiar with the matter — part of a deal that would quadruple the valuation of the AI startup.
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.
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.
PUBG publisher Krafton Inc. has partnered up with Nvidia to bring new AI-powered co-playable characters to the popular battle royale game.