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Nvidia Market Capitalisation Surpasses Alphabet

Nvidia Market Capitalisation Surpasses Alphabet
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Nvidia market capitalisation surpasses Alphabet

Chip-maker Nvidia's market capitalisation rose to $1.83 trillion on Wednesday, nudging past Alphabet's $1.82 trillion market cap, a media report said.Santa Clara-based chipmaker's shares rose 2.5 per cent to $739, while Alphabet shares ended ...

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Way Too Early With Jonathan Lemire

it's one more step towards taking charge of your health. so every day, you can say, ♪ youuu did it! ♪ with centrum silver. time now for business. for that let's bring in cnbc's joumanna bercetche live from london. joumanna, stock futures in the red this morning. investors seem to be weighing the state of the economy ahead of that key inflation data that's going to come out later this week. what's driving the markets at the moment? >> yeah, that's right. good morning to you. futures are indicated to open in the red today. a bit of a contrast of the price actually we had yesterday with all of the three majors seeing a positive close by the end of the day. we had the best day for the nasdaq actually since november with the tech-heavy index up more than 2.2% higher yesterday. a big jump in the chip maker nvidia which soared 6% yesterday

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Way Too Early With Jonathan Lemire

the impact it might be having on the nation's economy, but investors are also looking ahead toa slew of economic data due out this week. how are things shaping up in today's early hours? >> yeah, so early hours seems to be a little bit slightly more positive and moving along to the democratic held senate then at this point in time, so that is boding well, but overall it's actually the a.i. stocks that have moved counters considerably particularly in the month of may. we saw even the enthusiasm around those, seeing the chip maker nvidia moving up 36%, briefly touching that $1 trillion mark when it comes to its value asian, so that has boosted the likes of alphabet, meta, amazon, all rising at least 10% in the month of may alone. so while the debt deal did make some investors nervous, it is the tech counter that managed to gain quite considerably.

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Indicators That Show the Recession Is Now

Commentary I’m not going to be one of those prognosticators who finds evidence of my predictions regardless of ...

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Way Too Early With Jonathan Lemire

debt ceiling time line in that june 1st is the deadline you've been talking about. but nasdaq, the tech heavy index, is one that continues to outperform this week on the back of stellar performance out of the chip makers. >> so yesterday chip maker nvidia was all over my twitter feed including some from you, and it's now set to join an exclusive club on wall street. tell us about this company many people had probably never heard of until just now. >> yeah, well, you know, let me tell you this, it is a company we're going to be talking about more and more. and let me tell you why, john. it gains 24 spersage points yesterday in trading, a market cap of almost $200 billion extra almost sitting at $1 trillion valuation. it's now one of the largest companies in the world behind the usual names we talk a lot about amazon, alphabet, aramco, et cetera.

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World Business Report

pt and others that is fuelling all of this -- chatgpt? i would like to say _ all of this -- chatgpt? i would like to say it — all of this -- chatgpt? i would like to say it is _ all of this -- chatgpt? i would like to say it is the _ all of this -- chatgpt? i would like to say it is the buzz - all of this -- chatgpt? i would like to say it is the buzz but. like to say it is the buzz but these guys are putting up numbers to support what they are doing. i cannot remember another company that guided thee for quarter numbers up by 50% relative to where consensus was. it is notjust talk, these guys are really putting up the numbers to go behind what they are talking about. it is numbers to go behind what they are talking about.— are talking about. it is saying now they _ are talking about. it is saying now they are _ are talking about. it is saying now they are expecting - are talking about. it is saying now they are expecting salesj are talking about. it is saying i now they are expecting sales in the next three months to reach $11 billion. that is more than 50% ahead of what analysts were expecting. so how come nvidia has managed to corner this market? i has managed to corner this market? ~ ., , ,., , market? i think it really boils down to their _ market? i think it really boils down to their data _ market? i think it really boils down to their data centre - down to their data centre business. they have several different essences but the two biggest are the graphics card business and this data centre business and this data centre business and this data centre business and for a while the data centre business was humming along but what they have really figured out is that their style of making chips, their style of making chips, the graphics processing unit, it is very different from the

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World Business Report

cpu that intel make. that is really designed very well for what artificial intelligence needs to do what it does. these large language models or at the chatgpts of the world, they all rely on nvidia so nvidia has really become an arms supplier to this race for everybody to have generative ai in their applications.— have generative ai in their applications. for men in the tech industry _ applications. for men in the tech industry there - applications. for men in the tech industry there has - applications. for men in the| tech industry there has been applications. for men in the i tech industry there has been a real concern —— for many in the tech industry there has been a short teach and concern about the chips which only went on sale earlier this year but would you say that nvidia has proved them wrong with these results? if there is such huge demand can it meet it going forward? it demand can it meet it going forward? . . demand can it meet it going forward? , , , ., forward? it is interesting you say that- _ forward? it is interesting you say that. normally _ forward? it is interesting you say that. normally i - forward? it is interesting you say that. normally i would i forward? it is interesting you | say that. normally i would say yes, but in this particular interest, nvidia went out of their way to say they have secured additional capacity in the back half of the year to meet this and i think that is one of the things that really

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World Business Report

hargreaves lansdown. we are all familiar with the giants of the us tech industry — the likes of apple, microsoft, amazon — and alphabet, which owns google. but in recent months they have been joined at the top table by a new name. chip maker nvidia has seen demand for its products surge because of the boom in artificial intelligence. its shares have soared — putting it in the top five of most valuable tech firms — ahead of the likes of tesla and facebook owner meta. late on wednesday it announced results that were much better than wall street was expecting — causing anotherjump in its share price. let's speak to jason gold from the investor relations consultancy resurge. is it literally just is it literallyjust the buzz about the likes of chatterjee pt and others that is fuelling all of this —— chatgpt? i

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Nvidia's latest GPU drivers to upscale blurry videos via AI

Chip-maker Nvidia has released new GPU drivers, which will upscale old blurry web videos on RTX 30 and 40-series cards.About 80 per cent of internet bandwidth today is streaming video, and 90 per cent of that content streams at 1080p or lower, ...

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