Tech Giant’s Stock Soars 5.16% Amid AI Revolution

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Nvidia surges past Apple with $3trn valuation

The US tech giant Nvidia has surpassed Apple, reaching a valuation of $3 trillion. This milestone was achieved as Nvidia’s share price surged by 5.16% on Wednesday. Although the share price initially opened at $1,255 in the US markets, it later dropped to around $1,210.

According to data from MarketWatch, Nvidia’s year-to-date increase stands at an impressive 148.64%, as reported by NASDAQ. The company’s CEO, Jensen Huang, expressed confidence in Nvidia’s future growth, particularly highlighting the potential of their data center chips to drive a new industrial revolution.

Huang’s optimism is supported by the continued investments from various tech companies like Meta, Microsoft, and Alphabet. As Nvidia solidifies its position in the market, investors are advised to look beyond conventional AI plays and explore the broader implications of the company’s innovations.

Overall, Nvidia’s recent surge in valuation underscores its growing influence in the tech industry. With a focus on cutting-edge technologies like data center chips, the company is poised for further growth and innovation, shaping the future of technology in the process.

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Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

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