Udabur Wealth Management：Nvidia's stock price hit a record high, or it will surpass Apple to become the most valuable company in the world

According to the Hong Kong IDC Xintiandu interconnection, in the fierce competition in the field of artificial intelligence (AI), NVIDIA (Nvidia) has recently soared, reaching a historical high when closed, and the market value is approaching Apple.The throne.Udabur Wealth Management

On October 14, NVIDIA's stock price rose 2.4%to close at $ 138.07.This price not only surpassed its high point of $ 135.58 in June, but also rose nearly 180%this year.Since the beginning of 2023, NVIDIA's stock price has increased nine times, showing strong market demand and investor confidence.Udabur Investment

At present, NVIDIA's market value has reached 3.39 trillion US dollars, followed by Apple's 3.52 trillion US dollars, surpassing Microsoft's $ 3.12 trillion.NVIDIA is becoming one of Wall Street's most popular stocks, especially in the context of increasingly emerging AI technology.Kanpur Stock

Since OPENAI launched ChatGPT in November 2022, NVIDIA has become the biggest beneficiary of the AI ​​boom.Its graphics processing unit (GPU) is widely used in the creation and deployment of advanced AI models, supporting applications like ChatGPT.Large -scale technology companies such as Microsoft, META, Google, and Amazon are purchasing GPUs of NVIDIA in large quantities to build a stronger computing cluster to help its AI development.Kolkata Stocks

According to Mizuho's analysis, NVIDIA occupies about 95%of the AI ​​training and reasoning chip market.With the increasing investment in AI infrastructure, Nvidia's income has doubled in the past five quarters, and it has reached three times the growth in the third quarter.

NVIDIA recently said that the demand for its next generation AI GPU -Blackwell is "extremely strong" and is expected to bring billions of dollars in revenue in the fourth quarter.Although analysts predict that the growth rate of growth in the next few months may slow down, the quarterly revenue from the end of October is expected to reach US $ 32.9 billion, an growth rate of about 82%.

With the rapid development of AI technology and the continuous improvement of major companies' demand for NVIDIA products, NVIDIA is at the forefront of technology competition.Analysts of TD COWEN said that the main companies in the AI ​​industry are facing an investment environment of "prisoners' dilemma", and companies are forced to continue investing to avoid falling behind in competition.

The success of NVIDIA not only reflects its leadership in the AI ​​hardware market, but also highlights the industry's high attention to AI technology.With the intensification of market competition and the continuous progress of technology, the future development of AI will be more noticeable.Whether NVIDIA can surpass Apple in the near future and become the most valuable company in the world, it is worthy of the attention of all technology enthusiasts and investors.Mumbai Wealth Management

Lucknow Stock