
Jensen Huang overtakes Bernard Arnault to become world’s 6th richest – amid Nvidia boom
The company previously forecast a $5.5 billion hit to sales after the U.S. imposed restrictions on its H20 AI chips.
The company previously forecast a $5.5 billion hit to sales after the U.S. imposed restrictions on its H20 AI chips.
Nvidia is worth more than the world’s annual military spending and 97% of the planet’s economies.
Shares of the AI chip king have soared nearly 35,000% over the past 10 years.
One analyst suggests Nvidia, the world’s largest company, could reach a $4 trillion market cap this summer, while another says $6 trillion is the peak.
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This may be a “concession” from the Silicon Valley firm to get the White House to loosen further AI regulations, one analyst speculated.
Nvidia’s “massive” earnings report came in better than Wall Street expected.
The world’s largest company thanks to the AI boom, Nvidia traces its origins back to a Denny’s diner in Silicon Valley.
Nvidia’s induction into the blue chip Dow Jones Industrial Average index is the latest tailwind for the red-hot stock.