Nvidia Rises to Third Place in Global Market Value, Surpassing Google with $2 Trillion Valuation
-
Nvidia's stock continues to rise, gaining over 2% during the trading session, surpassing Google to become the third most valuable company in the U.S., trailing only Apple and Microsoft.
Currently, Nvidia's GPU chips play a critical role in accelerating AI model training and operations, and have been widely deployed in data centers by companies such as Amazon, Microsoft, Google, and OpenAI. Public data shows that Nvidia holds approximately 80% of the high-end AI chip market, making it an indispensable part of deep learning and other AI applications.
Previously, UBS raised its target price for the stock from $580 to $850, while also increasing its earnings per share (EPS) expectations. Meanwhile, Mizuho raised its target price from $625 to $825. Vijay Rakesh from Mizuho stated in a report to clients that demand for Nvidia's H100 AI accelerator continues to outstrip supply, calling the stock the best AI investment.
At the World Government Summit held in Dubai, Nvidia CEO Jensen Huang engaged in an in-depth discussion with Omar Olama, the UAE's Minister of Artificial Intelligence, introducing the concept of "National AI." Huang believes that every country should independently control its AI infrastructure to protect its cultural heritage and social norms. He emphasized that this approach allows nations to own their intelligent production, thereby safeguarding their historical culture, data security, national security, and economy.