semiconductor / news / / The Economic Times
N Nvidia stock has officially hit a new record high, with the company now valued at about $5.2 trillion.
Nvidia's market cap has reached $5.2 trillion after adding $4.9 trillion since 2022.
KEY POINTS
- Nvidia's data center business alone reported $62 billion in revenue in one quarter.
- Intel's strong earnings triggered a sector-wide rally, significantly boosting Nvidia's stock.
- Top cloud companies increased AI infrastructure spending by $120 billion, fueling Nvidia growth.
- Nvidia plans to launch Rubin GPUs by 2026 targeting future AI and robotics markets.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →