Nvidia 's furious rally to become the king of the megacap stocks has also put it above the entire stock market value of some of the world's largest economies. On Tuesday, Nvidia surpassed $3.3 trillion in market capitalization, moving it ahead of Microsoft as the biggest stock in the U.S. But its market cap had already raced ahead of the cumulative value for entire stock markets in Germany, France and the United Kingdom , measured individually and in U.S. dollars.
The large language models that have rolled out over the past year, including OpenAI, rely on high end semiconductors to operate efficiently. Nvidia is considered to be well ahead of its peers in this chip race. And while semiconductors have traditionally been a cyclical business, the potential for a long period of AI investment across the business world has Wall Street analysts projecting continued growth for Nvidia for many years. The excitement shows no signs of abating.
Source: News Formal (newsformal.com)
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