Rest of World News: Nvidia's primary chip supplier, Taiwan Semiconductor Manufacturing Company, has been grappling with the aftermath of a 7.4-magnitude earthquake, with
Motilal Oswal had the highest exposure of around Rs 439 crore in Nvidia. Mirae Asset Mutual Fund and Franklin Templeton Mutual Fund had exposure of around Rs 200 crore, January month data collated by Fisdom Research shows.
Nvidia added $277 billion in stock market value on Thursday, Wall Street's largest one-day gain in history after the heavyweight chipmaker's quarterly report beat expectations and reignited a rally fueled by optimism about artificial intelligence.
International Business News: Nvidia is on its way to becoming the first semiconductor firm with a $2-trillion valuation, another milestone in its ascendancy as the biggest benefic.
Chipmaker: Social media firm Reddit, cloud-security company Rubrik and software firm ServiceTitan are also expected to go public this year. Astera and its existing investors, that include private equity firm Sutter Hill Ventures and Fidelity Management and Research, will be selling shares in the offering.
Chipmaker: Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index.