Nvidia Achieves $5 Trillion Market Cap, Signaling a New Era in Tech
TL;DR Summary
Nvidia CEO Jensen Huang revealed a $500 billion demand forecast for its chips through 2026, highlighting the company's strong position in AI and GPU markets, which has led to a surge in stock price despite high valuation, suggesting the stock remains a compelling buy due to its growth prospects.
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- Nvidia is officially the world’s first $5 trillion company. CEO Jensen Huang says it’s on track for ‘half a trillion dollars’ in revenue Fortune
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