NVIDIA Becomes World’s 1st $5 Trillion Company, Amid AI Boom
Digest more
Nvidia, South Korea
Digest more
NVIDIA, Samsung and AI
Digest more
Nvidia CEO Jensen Huang said improvements in AI models were leading to more investment in the technology, which was improving AI further in a "virtuous cycle." Speaking at the APEC CEO Summit in South Korea,
In this week’s edition of The Prototype, we look at why AI models struggle with finance, a revolutionary superconducting discovery, Pac-Man and more.
Nvidia just hit $5 trillion market cap. CEO Jensen Huang is doing quite well himself, too.
The artificial intelligence giant Nvidia on Wednesday notched yet another historic milestone, becoming the first company to be worth $5 trillion. The value of Nvidia alone is now worth more than the GDP of every country on earth, except for the United States and China, according to World Bank data.
As a key driver of the AI boom, Nvidia's share price has skyrocketed in recent years, becoming the most valuable company in history.
Don’t let widespread enthusiasm for any one stock distract you from the most proven way to succeed as an investor.
The Wall Street milestone underscores the company's swift transformation from a niche graphics-chip designer into the backbone of the global AI industry.
As of Wednesday, when the stock rose 3%, Nvidia was larger than Qualcomm, AMD, Arm Holdings, ASML, Broadcom, Intel, Lam Research, Micron Technology and Taiwan Semiconductor Manufacturing combined, according to Dow Jones Market Data. Its value also exceeded entire sectors of the S&P 500, including utilities, industrials and consumer staples.