NVIDIA surpasses $1,100 per share… Apple’s market cap surpasses it

▲ Web page 16 – Nvidia inventory value motion Nvidia’s inventory value goes greater than regular on daily basis. The inventory value, which reached its highest degree within the first quarter of this 12 months due to good efficiency and information of a inventory break up, broke a brand new file by surpassing $1,100 on the information of a big funding for a synthetic intelligence (AI) startup ). based by Tesla CEO Elon Musk. Because of Nvidia’s management, Nasdaq crossed the 17,000 mark for the primary time in historical past.

On the twenty eighth (native time), Nvidia’s inventory value closed at $1,139.01 (about 1.53 million gained) on the New York Inventory Trade, up 6.98% from the earlier buying and selling day. NVIDIA, whose inventory value exceeded $1,000 in after-hours buying and selling after saying its earnings on the twenty second, broke the $1,000 mark the subsequent day, hitting a brand new excessive, after which rose to the $1,100 vary in two buying and selling days. Its market capitalization exceeded $2.8 trillion, lowering the hole with Apple, which was in second place in market capitalization ($2.913 trillion), to $112 billion. Out there, there are predictions that it’s going to overtake Microsoft (MS), which maintains the main place with a market capitalization of $3.1983 trillion.

Because of Nvidia’s rise, the Nasdaq index, which consists of expertise shares, closed at 17,019.88, up 0.59% from the earlier buying and selling day.

At this time, the information of Elon Musk’s AI start-up ‘xAI’ attracting big funding was excellent news for Nvidia’s inventory value. xAI introduced the day earlier than that that they had succeeded in attracting $6 billion (about 8.178 trillion gained) in funding, and Nvidia’s inventory value went up on the information {that a} good a part of the cash that went used to construct Nvidia AI chips. Based in March final 12 months, xAI launched the self-developed chatbot ‘Grock’ in November of the identical 12 months and launched an up to date model, ‘Grock 1.5’, earlier this 12 months. Grok 1.5 is understood to be near OpenAI’s GPT-4 degree. Musk not too long ago revealed that round 20,000 H100 graphics processing models (GPUs), one in every of NVIDIA’s newest chips, are wanted for ‘Grok 2’ coaching ▲ Jensen Huang
Jensen Huang, CEO of NVIDIA. AFP Yonhap Information In a state of affairs the place each firm’s transfer to commercialize generational AI has been in comparison with the ‘gold rush’ of the nineteenth century, Nvidia has been acknowledged as an organization that sells ‘pickaxes’ and ‘shovels’ to those that in search of gold. The inventory value of Nvidia, which offers high-performance computing infrastructure, is rising quickly as funding is concentrated on the concept that it would generate extra secure and sustainable income than corporations presenting AI fashions.

In Korea, SK Hynix is ​​thought of the largest beneficiary of Nvidia’s inventory value enhance. SK Hynix, which provides excessive bandwidth reminiscence (HBM) to Nvidia, rose to 210,000 gained in early commerce on the twenty ninth, hitting a 52-week excessive. In response to CNBC, American funding financial institution Morgan Stanley included SK Hynix together with Taiwan’s TSMC among the many seven shares anticipated to hitch the Nvidia crackdown. Morgan Stanley estimated SK Hynix’s potential upside at 33.3%.

In the meantime, NVIDIA is constructing an extra AI analysis and growth (R&D) middle in Kaohsiung, southern Taiwan. In response to Taiwanese media, together with the Gongsang Instances, NVIDIA is anticipated to construct a high-performance computing (HPC) system inside a software program trade constructing in Kaohsiung’s Awan district.

Sources stated that NVIDIA has began putting in the machine room for NVIDIA’s ‘Taipei-1’ HPC, the most important in Taiwan, on the Honghai Constructing within the Kaohsiung Software program Enterprise Park, and that the second middle will NVIDIA AI R&D in Taiwan to construct right here. .

Reporter Min Na-ri