Nvidia became the first chipmaker to hit a valuation of $1trn. Shares rose more than 4% on Tuesday after the company’s chief executive announced the creation of a new AI-supercomputer platform that will help other tech firms build generative AI models. Nvidia, which designs the semiconductors of choice for many AI servers, is one of several chipmakers to cash in on the AI gold rush.
This is why the valuation has increased https://australianinnovation.blogspot.com/2023/05/nvidia-became-first-chipmaker-to-hit.html
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