NVIDIA successfully entered the "Trillion Club" after their market value hit $1 trillion yesterday. This puts NVIDIA in line with Apple, Microsoft, Amazon and Alphabet who are also technology companies that have managed to achieve this high market value. After the main exchange closed, NVIDIA's value is now around $990 billion.
NVIDIA shares rose yesterday after the company predicted demand for its artificial intelligence (AI) chips would increase in the coming quarter. They just announced the NVIDIA DGX GH200 at Computex and it is the first computer with 144 Terabytes of GPU memory.
Their NVIDIA H100 chip is the most popular chip on the market right now for training various AI models with Microsoft being among the customers. NVIDIA is now no longer known as a company that manufactures graphics chips for video games but also chips for supercomputers and smart electric vehicle self-driving systems.
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