Nvidia exceeds the threshold of 5 trillion dollars of market capitalization - Bundlezy

Nvidia exceeds the threshold of 5 trillion dollars of market capitalization

NEW YORK, New York.- This Wednesday, the Nvidia stock rose more than 4%converting to technology giant in the first company in exceed the threshold of 5 trillion dollars of market capitalization after being boosted by the boom in artificial intelligence (IA).

Las Nvidia stockwhich closed with a 5% advance yesterday, Tuesday, are up more than 50% so far this year.

AI chip production

This latest rally comes shortly after CEO, Jensen Huangwill affirm that Nvidia expects orders for chips the IA worth 500,000 million dollars and announce plans to build seven new supercomputers for him american government.

In addition, the company – which has gone from being a manufacturer of niche video game processors to becoming a key player in the rise of artificial intelligence – announced yesterday the acquisition of a stake in 1 billion dollars in Nokiawith the aim of producing telecommunications equipment for 5G and 6G stationsa sector that, according to Huang, has an estimated value of 3 billion dollars.

You might also be interested: “Amazon begins massive layoffs due to the expansion of artificial intelligence”

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