NVIDIA Stock Soars 3.6% as Company Edges Closer to $5 Trillion Valuation
NVIDIA is on the verge of making history as it approaches a staggering $5 trillion market valuation, solidifying its dominance at the heart of the global artificial intelligence revolution.
The company's share price jumped 3.6% in premarket trading on October 29, driven by new AI partnerships and strong investor confidence in the booming sector.
NVIDIA CEO Jensen Huang confirmed that the company has received $500 billion in orders for AI chips and would be partnering with the US Government to build seven supercomputers.
These steps indicate a further expansion of NVIDIA's role as the backbone of the AI infrastructure globally.
Author's summary: NVIDIA nears $5 trillion valuation.
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