NVIDIA exceeds market capitalization of $ 1 trillion

NVIDIA exceeds market capitalization of $ 1 trillion

The chip manufacturer Nvidia (NDVA) exceeded the market capitalization of $ 1 trillion and thus brings together the total value of the company close to the world's cryptocurrencies.

• The company's share opened on Tuesday at $ 405.96 before increasing to $ 416.39. The increase of 6 % marked a 52-week high.
• Since then, the shares have been cooled at only $ 402.53 per piece at 12:47 p.m. and is therefore slightly below the level of $ 404.86, which is required to maintain a value of $ 1 trillion.
• The chip manufacturer's share began to rise last week after releasing quarterly results that were far above the consensus estimates of what was buoyancy in the industry. Although Intel (INTC) initially recorded a decline when the market was opened, it has now also increased by 3.17 % during the day.
• both nvidia and Intel are connected to the cryptocurrency mining industry and have helped the special computer hardware to develop that is required for the most cost -efficient mining of coins.
• Already in September Chinese providers of graphics processors (GPUS) built by Nvidia were forced Lower
• While many former Ethereum miners converted their GPUs for mining other cryptocurrencies such as Ethereum Classic (etc), such networks are generally far less profitable.
• The chip manufacturers recovered in 2023, since the technology companies in general increase in response to the declining interest rate increases in the Federal Reserve.
• Thanks to programs such as Chatgpt from Openai and Bard from Google, for which powerful GPUs are of crucial importance, they have also benefited from the enthusiasm for artificial intelligence that investors have grasped in the past few months.

.