News Formal

Nvidia hits US$1 trillion in market value on booming AI demand

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 99%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Nvidia Corp on Tuesday became the first chipmaker to join the trillion-dollar club, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications.

Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker globally, valued at about US$535 billion.

Wall Street analysts called Nvidia's forecast "unfathomable" and "cosmological," hiking their price targets in droves. The highest price target valued the company at about $1.6 trillion, on par with Google-parent Alphabet. AI took centre stage after Nvidia stunned investors with a revenue forecast last week that surpassed analysts' expectations by more than 50%.

Nvidia's shares rose about 25% last week sparking a rally in AI-related stocks and boosted other chipmakers, helping the Philadelphia SE Semiconductor index close on Friday at its highest in over a year.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 1. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Nvidia surpasses US$1 trillion market valuation - BNN BloombergNvidia Corp. became the world’s first chipmaker with a US$1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »