Nvidia set to solidify position as world’s most valuable company

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 21 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 176%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Semiconductor bellwether sees further gains after big partner order

) shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether’s lead as the world’s most valuable company, after partners Dell on Tuesday, was set to add more than $92 billion to its market value of $3.34 trillion at $139.35, compared with Microsoft’s $3.32 trillion.The companies make servers equipped with Nvidia chips, enabling them to capitalize on the surging demand for processors that power virtually all AI applications.

He said earlier this year that training the Grok 2 model took about 20,000 Nvidia H100 graphic processing units and that the Grok 3 model and beyond would require 100,000 Nvidia H100 chips. Nvidia’s stock price has nearly tripled so far this year, powering the gains in the broader market. Super Micro shares have more than tripled in value during the same period, while Dell’s stock is up nearly 95%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines