Reported 4 months ago
Nvidia's stock rose over 5% on Wednesday, pushing its market cap over $3 trillion for the first time. The surge was driven by advancements in artificial intelligence (AI), including Taiwan Semiconductor Manufacturing's latest purchase of cutting-edge technology from ASML, as well as strong results from Hewlett Packard Enterprise attributed to growing AI demand. With Nvidia being a key player in the AI chip market, the continued acceleration of AI adoption is seen as beneficial for the company, especially as excitement grows ahead of its upcoming stock split and the expanding generative AI market projected to reach trillions in value.
Source: YAHOO