Chipmaker Nvidia on track to become first $5 trillion company
News Source : Yahoo Entertainment
News Summary
- On Wednesday the shares closed at $207.04 with 24.3 billion shares outstanding, putting its market cap at $5.03 trillion.
- In comparison, Nvidia's value is greater than the GDP of India, Japan and the United Kingdom.
- There are concerns of a possible AI bubble, with officials at the Bank of England earlier this month flagging the growing risk that tech stock prices pumped up by the AI boom could burst.
- The head of the International Monetary Fund has raised a similar alarm.
Nvidia is on track to become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier.Hitting the new benchmark puts mo [+1595 chars]
Never miss a story from us, subscribe to our newsletter