The rally has been relentless this year. The stock has climbed about 70% and added some $883 billion in value
Indian mutual funds have an exposure of Rs 1,699 crore (on an AMC level) to Nvidia. Some of the top fund houses with exposure to the chip maker's stock include Motilal Oswal, Mirae, Franklin, Kotak an
Shares of Nvidia rose 16 per cent after its result, adding $277 billion in market cap to $1.96 trillion, making it the third-most valuable company in the US ahead of Amazon
It's shown investors that the buzz around generative artificial intelligence is translating into real revenue, at least for Nvidia and its most essential suppliers
The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday - Wall Street's largest one-day gain on record
Nvidia shares surged after it reported blowout results that cemented Wall Street bets on the potential for its artificial intelligence technologies
The shares jumped about 13% in premarket trading on Thursday following the announcement. They earlier closed at $674.72 in New York, leaving them up 36% for the year
The new network card is similar to Nvidia's ConnectX-7 card, which the chip developer sells alongside its graphic processor units (GPUs), the report added
The market data shows that the Nvidia's shares have rallied over 250 per cent in the last one year
The biggest winners include Huang and Mark Zuckerberg, whose Meta Platforms is the second-best performer on the S&P 500 Index after Nvidia for the second year in a row
The chip giant's shares have surged 46% this year and added about $560 billion in market value as of Monday, when they closed at a record around $722
The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under $6 billion
He said that fears about the dangers of AI are overblown, noting that other new technologies and industries such as cars and aviation have been successfully regulated
The stock rose 3.4% to $683.80 in premarket trading and looked set to add about $55 billion to the company's market capitalization. It was valued at $1.63 trillion as of Friday's close
Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project
The investment was led by FTV Capital and had participation from chip giant Nvidia
The AI chip market is projected to more than double by 2027, to roughly $140 billion, according to the research firm Gartner
Neither Nvidia nor retailers approved by the company were among the suppliers, according to Reuters
Sunil Gupta, CEO and co-founder of Yotta, told Reuters on Thursday that the order would comprise nearly 16,000 of Nvidia's artificial intelligence chips H100 and GH200 and will be placed by March 2025
At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state