Reported about 7 hours ago
Nvidia is set to surpass a $5 trillion market value, becoming the first company to achieve this milestone, fueled by a powerful rally in the AI sector. The company's shares surged after CEO Jensen Huang announced significant orders and government contracts. This rapid growth positions Nvidia as a key player in the global AI industry, surpassing notable competitors like Apple and Microsoft. However, this lofty valuation comes with heightened expectations and scrutiny from investors, alongside regulatory challenges concerning its advanced chips.
Source: YAHOO