News Formal

Nvidia's stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers

  • 📰 AP
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Nvidia’s stock price jumped 16% on Thursday, increasing the company's market value by a staggering $273 billion in just one day, a record amount.

FILE - A sign for a Nvidia building is shown in Santa Clara, Calif., May 31, 2023. The chipmaker posted stronger-than-expected results for its latest quarter and provided further evidence that the excitement surrounding artificial intelligence likely won’t subside anytime soon. stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount.

The chipmaker has been seeing soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company’s revenue more than tripled in the latest quarter compared with the same period a year earlier. It’s the latest sign that the excitement surrounding artificial intelligence likely won’t subside anytime soon. Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here’s a look:CEOs of OpenAI and Intel cite artificial intelligence’s voracious appetite for processing powerThe amount Nvidia Corp.’s market value increased on Thursday alone, according to FactSet.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 728. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warnsEvercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
Fuente: CNBC - 🏆 12. / 72 Leer más »

US Earnings Preview: What to Expect from NVIDIA ResultsFor NVIDIA to sustain its lofty share price, it's imperative that the company's results meet Wall Street's expectations.
Fuente: DailyFX - 🏆 305. / 63 Leer más »

​​How Nvidia’s Investment Arm Is Supercharging A New Class Of AI StartupsI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
Fuente: ForbesTech - 🏆 318. / 59 Leer más »