Nvidia, an American semiconductor designer, has become the largest market capitalization in the world, overtaking Microsoft in the process. A clear sign of a fever for generative artificial intelligence that is shaking up the financial markets.
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The valuation of the Californian group reached $3,352 billion on the New York Stock Exchange. Now, Nvidia, Apple and Microsoft account for 10% of all companies listed on the stock exchange. This precisely shows the weight of the sector ofartificial intelligence (AI) generative in our daily lives, but also in the markets.
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The American manufacturer of microprocessors owes its popularity to its ultra-modern chips capable of handling quantities of calculations necessary to the use of generative AI. Compared to its competitors AMD, Intel or even Apple and Microsoft, Nvidia thus remains one step ahead to pass a milestone of 4,000 billion dollars in market valuation.
Next generation chips become the new oil. Nvidia’s rise is reminiscent of that of telecommunications equipment manufacturer Cisco, which has become one of the most valuable companies in the world. It was just before the bubble burst Internet in March 2000.
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