NVIDIA has once again surpassed the $3 trillion market capitalization mark, reaching approximately $3.2 trillion, driven by a 5.6% stock increase to $129.93. This resurgence is attributed to strategic partnerships and favorable policy changes in the AI sector.
📈 Key Highlights:
1️⃣Strategic Partnership with Saudi Arabia: NVIDIA has entered into a significant agreement with Saudi-backed AI firm Humain to supply advanced GPUs, including 18,000 GB300 Grace Blackwell chips, for a 500-megawatt AI data center project.
2️⃣Policy Shifts Boosting AI Exports: The U.S. administration’s decision to suspend the AI Diffusion Rule has opened new international markets for AItechnology, enhancing Nvidia’s global reach.
3️⃣Market Position: Nvidia briefly overtook Apple in market value, highlighting its rapid ascent in the tech industry.
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The Industry Leaders:
These are Tata Elxsi, Wipro, HCLTech, Tata Consultancy Services, and CDAC,Noida, some of the popular companies innovating in the AI and semiconductor industry in India.
And, these are the remarkable startups:
Sarvam, Mindgrove Technologies, RephraseAI, and Ayna.AI, of the generative AI, fabless chip design, and enterprise AI industry.
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