China commerce minister discussed foreign investment, AI
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Before diving in, let's trace Nvidia's path to $4 trillion. Nvidia has seen its market capitalization surge in a short period of time, advancing from less than $1 trillion back in June 2023. Around that time, Apple and Microsoft outpaced Nvidia by far, as you can see in the chart below.
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Nvidia founder and CEO Jensen Huang has been active on the government relations and lobbying front, and now he’s got something big to show for his efforts: the Trump Administration has agreed to lift a ban on selling Nvidia H20 AI chips to China.
Nvidia ( NVDA -0.42%) stock has returned 29% this year, and its market value currently stands at $4.2 trillion. Meanwhile, Palantir ( PLTR -0.34%) shares have advanced 104%, and its market value currently stands at $360 billion. That brings their collective valuation to $4.5 trillion.
At the Beijing Expo, Jensen Huang also announced plans for a new chip for Chinese clients that is designed for robotics and smart factories.
Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China.
Nvidia CEO Jensen Huang contradicts Anthropic CEO's 'white-collar apocalypse' prediction, suggesting AI will augment jobs while encouraging workers to adapt.
Nvidia stock spiked on Tuesday. The AI chip titan said it had received assurances from the administration that it can resume sales of key AI chips to China.
Nvidia’s Strategic AI Vision Nvidia (NASDAQ:NVDA) has solidified its position as the backbone of the artificial intelligence (AI) revolution, with its graphics processing units (GPUs) driving the most advanced AI models and positioning it as a top choice for investors eyeing the industry’s growth.
The growing demand for AI computing power has propelled both CoreWeave and Nvidia's businesses to new heights. Nvidia anticipates a growing need for AI factories to deliver processing power for AI at scale.