The chips manufacturer leads the profits derived from artificial intelligence. His actions climb 2.5% on this day.
The Nvidia chips manufacturer became the first public company to overcome the US $ 4 billion market capitalization This Wednesday at Wall Street. It happens after a two -year investors frenzy, driven by developments in artificial intelligence (AI).
The shares of the company climb 2.5% In the first operations of the day, exceeding US $164 each. At the beginning of 2023, the papers were around US $14 each and the market value was below US $ 600 million.
Nvidia has become the largest company in Wall Street, surpassing Microsoft, Apple, Amazon and Google. The movement of its actions now weighs more on the S&P 500 and other indices than any company except Apple.
Nvidia leads the profits derived from AI
Nvidia and other companies that benefit from the AI boom have been a main reason why the S&P 500 has reached record after record, being the last last week. The profits have helped to boost the market despite the concerns about inflation and the possible economic effects of the tariffs and other policies of the US president, Donald Trump.
The company’s most recent chips have made advances in training the largest AI models, which promoting the demand for products of Santa Clara (California).
A race between Microsoft, Amazon.com, Meta Platforms, Alphabet and Tesla to build AI data centers and dominate emerging technology has fed an insatiable demand for NVIDIA high -end processors.
“When the first company exceeded the billion dollars, it was incredible. And now we are talking about four billion, which is incredible. He tells you that there is a huge fever with the expense in AI and everyone is chasing it right now,” Joe Saluzzi, of Themis Trading, said a few days ago.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
