Nvidia, AI
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NVIDIA becomes 1st company to hit $4-T value
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Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.
KEY TAKEAWAYS Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, posted a first-half revenue surge of 40% on booming AI demand.TSMC's June revenue dropped, however, over the previous month.
Jensen Huang, NVIDIA's chief, is set to meet Chinese officials in Beijing amid US AI export curbs. This visit coincides with NVIDIA's brief surge to a $4 trillion market capitalisation.