Enterprise Information | The AI ​​frenzy has pushed Nvidia’s market cap previous Amazon’s.

World Information | The AI ​​frenzy has pushed Nvidia’s market cap previous Amazon’s.


    This illustration, taken on March 6, 2023, shows a smartphone with the NVIDIA logo on a computer motherboard.

Nvidia retains going up.
Picture: Ruvic gave (Reuters)

On Monday (February 12), Nvidia — the AI ​​chipmaker of selection for giant tech and AI startups — surpassed Amazon to change into the fourth most dear US firm by market worth. The AI ​​chipmaker was valued at $1.82 trillion, in comparison with $1.81 trillion for LSEG Knowledge and Amazon. Cited by Reuters.. The final time Nvidia was extra invaluable than a retail firm was in 2002 when each firms had been comparatively small, each price just below $6 billion.

Nvidia’s inventory outperformance highlights how AI enthusiasm is driving inventory costs. The corporate’s chips energy the AI ​​programs behind the world’s ChatGPTs. And Gemini..

And tech firms are shopping for a lot of Nvidia’s costly chips. Billions of {dollars} in income. Within the three months ended October 29, the corporate’s income tripled in comparison with the identical interval in 2022. The Santa Clara, California-based firm will launch its quarterly outcomes on February 21.

Shares of Nvidia are up 46% to this point this 12 months.

(Tags Translation)Nvidia

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