Chip maker Nvidia He was the first to cross the border of $5 trillion marketplace capitalization. Nvidii's stock is increasing rapidly as the company plays a key function in the current boom for artificial intelligence . In the first minutes of trading, the stock price increased by 4.5%, to over $210. Nvidia did not exceed the erstwhile trillion dollars until early July.
Nvidii chip systems are utilized worldwide to train applications utilizing artificial intelligence. Giants like Google and Meta, parent company Facebook, they are filled with full data centers, but start-ups dealing with artificial intelligence, specified as OpenAI, the creators of ChatGPT, are besides Nvidia's customers. This key position allowed Nvidia to grow rapidly over the last 2 years. The investors hope that Nvidia will be able to defend this dominant position in the fight against competition. Recently, Nvidia's president, Jensen Huang (62), announced Tuesday orders for $500 billion AI chips and stated that he plans to build 7 supercomputers for the U.S. government.
Foot in the White home door
Finally Huang managed to establish good relations with the administration Donald Trump. He convinced the U.S. president of Nvidia's unique function and earned points by building a mill in USA. Trump intends to usage the gathering with the Chinese president Xi Jinping (72) to persuade Beijing to lift restrictions on the usage of Nvidia chips in China.
However, the United States does not let the dispatch of even the most powerful Nvidia systems to China Huang argues in a conversation with the U.S. government that if the Chinese marketplace remains closed to Nvidia, a strong competitor for American technology may appear in China.
