Nvidia's Market Value Surges on Enthusiasm for Artificial Intelligence

Enthusiasm for artificial intelligence has Nvidia on the cusp of becoming more valuable than Amazon.com for the first time in two decades, and the AI chip maker is not far behind Google owner Alphabet. A 40% surge in Nvidia so far in 2024 has elevated its market capitalisation to US$1.715-trillion as of mid-day trading on Wednesday, only about 3% below Amazon’s $1.767-trillion value, and less than 6% below Alphabet’s $1.812-trillion value, according to LSEG data. Nvidia’s shares gained 1.

8% to $694.48 after an optimistic report from Morgan Stanley. Nvidia reports quarterly results on 21 February. After Nvidia’s stock more than tripled in 2023, it has already become the US’s fifth most valuable company Morgan Stanley raised its price target to $750 from $603, with analyst Joseph Moore writing in a client note that “AI demand continues to surge”. After Nvidia’s stock more than tripled in 2023, it has already become the US stock market’s fifth most valuable compan

España Últimas Noticias, España Titulares

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

Microsoft's ChatGPT Integration Fails to Boost Bing's Market ShareDespite integrating ChatGPT into Bing, Microsoft's search engine ended 2023 with only 3.4% of the global search market, struggling for relevance and recognition.
Fuente: TechCentral - 🏆 8. / 71 Leer más »

Market Moves and Currency TrendsTerence Hove of Exness discusses the day’s market moves, the local currency inching toward R19/$, investors’ tune changing towards Chinese markets, MTN versus Vodacom, and what other stocks he has his eye on.
Fuente: Moneyweb - 🏆 5. / 77 Leer más »

Four Trends Predicted to Shape 2024's Data MarketAccording to Rob Abrams, Chief Technology Officer of Sithabile Technology Services, here are four trends that are predicted to shape 2024’s data market.
Fuente: ITNewsAfrica - 🏆 27. / 59 Leer más »

Fintech Solutions Reduce Risks for Informal Market Traders in South AfricaTrading in South Africa’s informal markets brings real risks to merchants and their suppliers. Fintech solutions can greatly reduce these risks, especially in the area of supplier payments. Kazang’s supplier payments platform has been a game changer in helping merchants and suppliers overcome challenges.
Fuente: BusinessTechSA - 🏆 24. / 61 Leer más »

The Role of Emotions in Stock Market InvestmentsMany individuals lose money in the stock market due to emotions and lack of research.
Fuente: City_Press - 🏆 7. / 72 Leer más »