An Interest In:
Web News this Week
- February 25, 2025
- February 24, 2025
- February 23, 2025
- February 22, 2025
- February 21, 2025
- February 20, 2025
- February 19, 2025
Some of Our Sources
- Web Designer Wall
- Just Creative
- Joshua Blankenship
- FanExtra - PSD
- Web Design Ledger
- Reencoded
- Specky Boy
- Android Headlines
- Willems Lab
- Hashedout
Help Webnuz
Referal links:
June 5, 2024 10:30 pm
Original Link: https://news.slashdot.org/story/24/06/05/2041224/nvidia-hits-3-trillion-market-cap-on-back-of-ai-boom?utm_source=rss1.0mainlinkanon&utm_medium=feed
Nvidia Hits $3 Trillion Market Cap On Back of AI Boom
Nvidia has reached a market cap of $3 trillion, surpassing Apple to become the second-largest public company behind Microsoft. CNBC reports: Nvidia's milestone is the latest stunning mark in a run that has seen the stock soar more than 3,224% over the past five years. The company will split its stock 100-for-1 later this month. Apple was the first U.S. company to reach a $3 trillion market cap during intraday trading in January 2022. Microsoft hit $3 trillion in market value in January 2024. Nvidia, which was founded in 1993, passed the $2 trillion valuation in February, and it only took roughly three months from there for it to pass $3 trillion. Nvidia's surge in recent years has been powered by the tech industry's need for its chips, which are used to develop and deploy big AI models such as the one at the heart of OpenAI's ChatGPT. Companies such as Google, Microsoft, Meta, Amazon and OpenAI are buying billions of dollars worth of Nvidia's GPUs.Read more of this story at Slashdot.
Original Link: https://news.slashdot.org/story/24/06/05/2041224/nvidia-hits-3-trillion-market-cap-on-back-of-ai-boom?utm_source=rss1.0mainlinkanon&utm_medium=feed
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot