NVIDIA Reaches Historic Valuation
NVIDIA's market value surpassed $5 trillion on Wednesday, with a 3% rise in its share price, making it the first company to cross this threshold.
This milestone reinforces NVIDIA's dominance in the AI semiconductor market, coming just three months after it hit the $4 trillion mark.
- CEO Jensen Huang announced $500 billion in expected AI chip orders.
- NVIDIA plans to build seven new supercomputers for the US government to support advanced AI research.
- A new partnership with Nokia will integrate NVIDIA's AI-powered RAN technology into Nokia's portfolio.
NVIDIA's collaboration with Nokia aims to enable communication service providers to deploy AI-native 5G-Advanced and 6G networks.
NVIDIA's growth solidifies its position in the AI market.
Author's summary: NVIDIA surpasses $5 trillion valuation.
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