AI frenzy puts Nvidia ahead of Amazon in market value

Reuters
2024.02.12 14:55
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Nvidia briefly surpassed Amazon in market capitalization, becoming the fourth most valuable U.S. company. The chipmaker's success is attributed to the demand for artificial intelligence technology, particularly in generative AI. Nvidia's strong performance has led to a significant surge in its stock price over the past year. Investors are eagerly awaiting the company's quarterly results on February 21.