Nvidia surpasses Saudi Aramco in market capitalization
Mint — March 2, 2024, 06:01 AM UTC
Summary: Nvidia has surpassed Saudi Aramco to become the world's third-largest company by market capitalization, reaching a value of over $2 trillion for the first time on March 1. The stock rose 4% after an upbeat report from Dell Technologies, and Nvidia's CEO predicts artificial general intelligence could arrive in as little as five years. He also mentioned the need for more chip factories to support the AI industry's expansion.
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