{"id":1940720,"date":"2023-05-30T12:08:12","date_gmt":"2023-05-30T16:08:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nvidia-set-to-become-first-us-chipmaker-valued-at-over-1-trillion\/"},"modified":"2023-05-30T12:10:04","modified_gmt":"2023-05-30T16:10:04","slug":"nvidia-set-to-become-first-us-chipmaker-valued-at-over-1-trillion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nvidia-set-to-become-first-us-chipmaker-valued-at-over-1-trillion\/","title":{"rendered":"Nvidia poised to be first US chipmaker worth $1tn+"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnvidia-set-to-become-first-us-chipmaker-valued-at-over-1-trillion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1940720&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Nvidia Set to Join Trillion-Dollar Club<\/h2>\n<blockquote>\n<p>(Reuters) \u2013 Nvidia Corp is on track to become the first U.S. chipmaker to reach a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-virtue-signaling-corporations-trying-to-prove-their-wokeness\/\" title=\"5 Virtue Signaling Corporations Trying To Prove Their \u2018Wokeness\u2019\">market capitalization<\/a> of $1 trillion.<\/p>\n<\/blockquote>\n<p>The company&#8217;s shares were up 3.5% at $402.91 in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sorry-england-amazon-to-stop-accepting-visa-credit-cards-issued-in-uk\/\" title=\"Sorry England: Amazon to Stop Accepting Visa Credit Cards Issued in UK\">premarket trading<\/a>, and with AI taking center stage, Nvidia&#8217;s revenue forecast has surpassed analysts&#8217; expectations by more than 50%. Wall Street analysts have called Nvidia&#8217;s forecast &#8220;unfathomable&#8221; and &#8220;cosmological&#8221;, with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nvidia-set-to-become-first-us-chipmaker-valued-at-over-1-trillion\/\" title=\"Nvidia poised to be first US chipmaker worth tn+\">highest price target valuing<\/a> the company at about $1.6 trillion, on par with Google-parent Alphabet.<\/p>\n<p>Nvidia&#8217;s shares rose about 25% last week, sparking a rally in AI-related stocks and boosting other chipmakers, helping the Philadelphia SE Semiconductor index close on Friday at its highest in over a year.<\/p>\n<h3>Other Trillion-Dollar Companies<\/h3>\n<ul>\n<li>Meta (valued at about $670 billion)<\/li>\n<li>Apple Inc<\/li>\n<li>Alphabet Inc<\/li>\n<li>Microsoft Corp<\/li>\n<li>Amazon.com Inc<\/li>\n<\/ul>\n<p>OpenAI-owned ChatGPT&#8217;s rapid success has prompted tech giants such as Alphabet and Microsoft to make the most of generative AI, which can engage in human-like conversation and craft everything from jokes to poetry.<\/p>\n<p>European Commission President Ursula von der Leyen will meet the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-corporations-consider-blocking-monetary-support-to-gop\/\" title=\"U.S. corporations consider blocking monetary support to GOP\">chief executive<\/a> of OpenAI, Sam Altman, on Thursday, and India will start a pilot project this week to establish itself as an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-foreign-minister-meets-with-elon-musk-in-beijing\/\" title=\"Elon Musk meets with China's foreign minister in Beijing.\">electronics repair hub<\/a>.<\/p>\n<p>Overall, Nvidia&#8217;s success is a testament to the growing importance of AI and the role it plays in shaping the future of technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia Corp is set to become the first US chipmaker to reach a market capitalisation of $1tn. The company&#8217;s shares rose 3.5% to $402.91 in premarket trading. Meta, valued at $670bn, was the last company to join the trillion-dollar club.<\/p>\n","protected":false},"author":66,"featured_media":1940721,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[27916,24984,27915,8748,5502],"class_list":["post-1940720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-1tn","tag-chipmaker","tag-nvidia","tag-poised","tag-worth"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1940720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1940720"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1940720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1940721"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1940720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1940720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1940720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}