Nvidia’s Market Cap Crosses $4.5 Trillion As AI Momentum Gains Pace
The stock has been gaining momentum as the company expands its role in artificial intelligence infrastructure through partnerships and investments.
Nvidia Corp’s (NVDA) market capitalization reached $4.5 trillion on Tuesday after the shares rose over 2% to hit an all-time high, fueled by aggressive AI-related deals and increasing investor confidence.
The stock is witnessing significant momentum as the company expands its role in artificial intelligence infrastructure through partnerships and investments.
On September 22, Nvidia announced its plans to invest $100 billion in OpenAI, agreeing to supply and finance at least 10 gigawatts of advanced computing systems for the ChatGPT maker’s next-generation models.
At the time of writing, Nvidia stock pared some of its gains and was trading over 1% higher.
Get updates to this developing story directly on Stocktwits.
