Nvidia Soars to $1 Trillion Valuation in 50 Days on Surging AI Demand
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Nvidia's market cap has increased by $1 trillion in just 50 days due to surging demand for its graphics processing units (GPUs) used in AI applications.
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Revenue from Nvidia's data center business grew 217% YoY in fiscal 2024, showing the company's first-mover advantage in AI chips.
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Nvidia is exploring other high-growth markets beyond GPUs like enterprise software, voice recognition, and robotics through strategic investments.
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At a P/E ratio of 74 Nvidia isn't cheap, but revenue and profits are rapidly rising as AI adoption increases.
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Nvidia aims to become a full-spectrum AI platform spanning hardware and software, justifying its premium valuation and upside.