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Nvidia Briefly Overtakes Amazon To Become Fourth-Most-Valuable US Company
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https://www.gamespot.com/articles/nvidia-briefly-overtakes-amazon-to-become-fourth-most-valuable-us-company/1100-6521018/?ftag=CAD-01-10abi2f
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https://www.gamespot.com/a/uploads/screen_medium/1597/15975876/4258484-02-nvidia-logo-color-blk-500x200-4c25-p@2x.jpg
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description
Tech giant Nvidia hit an all-time high on the stock market on Monday, managing to briefly surpass even Amazon when it reached a market valuation of $1.83 trillion. The rally saw it temporarily become the fourth-highest valued US-listed company behind Alphabet, Apple, and Microsoft, Bloomberg reports.
By market close, Nvidia had fallen back to fifth place again behind Amazon, with Nvidia closing at $1.78 trillion. Amazon was just ahead of it at $1.79 trillion. Nvidia has already increased its market value by around $600 billion in 2024 alone, seeing rapid growth when compared to last year.
While Nvidia is best known to gamers for its high-end graphics cards, the company's recent success has been largely due to the boom in AI computing, which has created high demand for Nvidia's chips. "Nvidia is just riding the first investment wave of the current AI boom with massive capital expenditures being deployed in data centers," Saxo Bank's Peter Garnry said of the rally.
Last year Nvidia announced its own suite of AI tools aimed at game development, which it dubbed the Avatar Cloud Engine, or ACE. The various tools are able to automate written dialogue, voice acting, and even facial animations.
Nvidia also unveiled its latest line of graphics cards at CES in January, the RTX 40 Super Series, which are available in stores now.
content_html
Tech giant Nvidia hit an all-time high on the stock market on Monday, managing to briefly surpass even Amazon when it reached a market valuation of $1.83 trillion. The rally saw it temporarily become the fourth-highest valued US-listed company behind Alphabet, Apple, and Microsoft, Bloomberg reports.
By market close, Nvidia had fallen back to fifth place again behind Amazon, with Nvidia closing at $1.78 trillion. Amazon was just ahead of it at $1.79 trillion. Nvidia has already increased its market value by around $600 billion in 2024 alone, seeing rapid growth when compared to last year.
While Nvidia is best known to gamers for its high-end graphics cards, the company's recent success has been largely due to the boom in AI computing, which has created high demand for Nvidia's chips. "Nvidia is just riding the first investment wave of the current AI boom with massive capital expenditures being deployed in data centers," Saxo Bank's Peter Garnry said of the rally.
Last year Nvidia announced its own suite of AI tools aimed at game development, which it dubbed the Avatar Cloud Engine, or ACE. The various tools are able to automate written dialogue, voice acting, and even facial animations.
Nvidia also unveiled its latest line of graphics cards at CES in January, the RTX 40 Super Series, which are available in stores now.
content_text
Tech giant Nvidia hit an all-time high on the stock market on Monday, managing to briefly surpass even Amazon when it reached a market valuation of $1.83 trillion. The rally saw it temporarily become the fourth-highest valued US-listed company behind Alphabet, Apple, and Microsoft, Bloomberg reports.By market close, Nvidia had fallen back to fifth place again behind Amazon, with Nvidia closing at $1.78 trillion. Amazon was just ahead of it at $1.79 trillion. Nvidia has already increased its market value by around $600 billion in 2024 alone, seeing rapid growth when compared to last year.While Nvidia is best known to gamers for its high-end graphics cards, the company's recent success has been largely due to the boom in AI computing, which has created high demand for Nvidia's chips. "Nvidia is just riding the first investment wave of the current AI boom with massive capital expenditures being deployed in data centers," Saxo Bank's Peter Garnry said of the rally.Last year Nvidia announced its own suite of AI tools aimed at game development, which it dubbed the Avatar Cloud Engine, or ACE. The various tools are able to automate written dialogue, voice acting, and even facial animations.Nvidia also unveiled its latest line of graphics cards at CES in January, the RTX 40 Super Series, which are available in stores now.
pub_date
13 February 2024, 9:24 am
guid
1100-6521018
creator
Hayley Williams
processed
TRUE
id: 52289
uid: BrRNd
insdate: 2024-02-13 14:20:02
title: Nvidia Briefly Overtakes Amazon To Become Fourth-Most-Valuable US Company
additional:
category: Game Spot
md5: ada9aaca4e4128c2d456146999a71ef3
link: https://www.gamespot.com/articles/nvidia-briefly-overtakes-amazon-to-become-fourth-most-valuable-us-company/1100-6521018/?ftag=CAD-01-10abi2f
image: https://www.gamespot.com/a/uploads/screen_medium/1597/15975876/4258484-02-nvidia-logo-color-blk-500x200-4c25-p@2x.jpg
image_imgur: https://i.imgur.com/l8Oan48.jpg
description:
Tech giant Nvidia hit an all-time high on the stock market on Monday, managing to briefly surpass even Amazon when it reached a market valuation of $1.83 trillion. The rally saw it temporarily become the fourth-highest valued US-listed company behind Alphabet, Apple, and Microsoft, Bloomberg reports.
By market close, Nvidia had fallen back to fifth place again behind Amazon, with Nvidia closing at $1.78 trillion. Amazon was just ahead of it at $1.79 trillion. Nvidia has already increased its market value by around $600 billion in 2024 alone, seeing rapid growth when compared to last year.
While Nvidia is best known to gamers for its high-end graphics cards, the company's recent success has been largely due to the boom in AI computing, which has created high demand for Nvidia's chips. "Nvidia is just riding the first investment wave of the current AI boom with massive capital expenditures being deployed in data centers," Saxo Bank's Peter Garnry said of the rally.
Last year Nvidia announced its own suite of AI tools aimed at game development, which it dubbed the Avatar Cloud Engine, or ACE. The various tools are able to automate written dialogue, voice acting, and even facial animations.
Nvidia also unveiled its latest line of graphics cards at CES in January, the RTX 40 Super Series, which are available in stores now.
content_html:
Tech giant Nvidia hit an all-time high on the stock market on Monday, managing to briefly surpass even Amazon when it reached a market valuation of $1.83 trillion. The rally saw it temporarily become the fourth-highest valued US-listed company behind Alphabet, Apple, and Microsoft, Bloomberg reports.
By market close, Nvidia had fallen back to fifth place again behind Amazon, with Nvidia closing at $1.78 trillion. Amazon was just ahead of it at $1.79 trillion. Nvidia has already increased its market value by around $600 billion in 2024 alone, seeing rapid growth when compared to last year.
While Nvidia is best known to gamers for its high-end graphics cards, the company's recent success has been largely due to the boom in AI computing, which has created high demand for Nvidia's chips. "Nvidia is just riding the first investment wave of the current AI boom with massive capital expenditures being deployed in data centers," Saxo Bank's Peter Garnry said of the rally.
Last year Nvidia announced its own suite of AI tools aimed at game development, which it dubbed the Avatar Cloud Engine, or ACE. The various tools are able to automate written dialogue, voice acting, and even facial animations.
Nvidia also unveiled its latest line of graphics cards at CES in January, the RTX 40 Super Series, which are available in stores now.
content_text: Tech giant Nvidia hit an all-time high on the stock market on Monday, managing to briefly surpass even Amazon when it reached a market valuation of $1.83 trillion. The rally saw it temporarily become the fourth-highest valued US-listed company behind Alphabet, Apple, and Microsoft, Bloomberg reports.By market close, Nvidia had fallen back to fifth place again behind Amazon, with Nvidia closing at $1.78 trillion. Amazon was just ahead of it at $1.79 trillion. Nvidia has already increased its market value by around $600 billion in 2024 alone, seeing rapid growth when compared to last year.While Nvidia is best known to gamers for its high-end graphics cards, the company's recent success has been largely due to the boom in AI computing, which has created high demand for Nvidia's chips. "Nvidia is just riding the first investment wave of the current AI boom with massive capital expenditures being deployed in data centers," Saxo Bank's Peter Garnry said of the rally.Last year Nvidia announced its own suite of AI tools aimed at game development, which it dubbed the Avatar Cloud Engine, or ACE. The various tools are able to automate written dialogue, voice acting, and even facial animations.Nvidia also unveiled its latest line of graphics cards at CES in January, the RTX 40 Super Series, which are available in stores now.
pub_date: 13 February 2024, 9:24 am
guid: 1100-6521018
creator: Hayley Williams
related_games:
processed: TRUE