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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 sto...
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. 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.
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