Nvidia’s market cap tops $4.5 trillion on AI infrastructure deals

Nvidia The stocks reached a new record on Tuesday, almost 3% climbed, and Chipmaker’s market value passed at $ 4.5 trillion.

The stock has increased by 39% for the year, and the Nvidia continues to attract investors while strengthening its position at the center of artificial intelligence explosion by increasing the speed of agreement.

Openai said last week that NVIDIA will receive a stock worth up to $ 100 billion in AI initiative and will build hundreds of billions of dollars of data centers full of a Nvidia graphic processing unit. Openai then announced five new data centers. Prophecy It is expected to be filled with hundreds of thousands of GPUs. Companies, all the “Stargate” project will cost $ 500 billion, he said.

NVIDIA CEO Jensen Huang says that Nvidia products make up about 70% of expenditures in a new AI data center.

On Tuesday, Analysts in Citi raised the price targets on NVIDIA from $ 200 to $ 210, and after Openai announcements, an increasing estimation for AI infrastructure expenditures.

“We believe that Openai asks Nvidia for help because NVIDIA has a very attractive product, and as the number of users and calculations consumed on a user basis increases.”

Openai is far from being alone. Meta– Google And others significantly increase infrastructure expenditures.

Sunflower seedA cloud provider, which includes NVIDIA as a big shareholder, said that on Tuesday, AI infrastructure services reached an agreement to supply meta with $ 14.2 billion.

Nvidia’s shares are performing better than megacap peers this year BroadcomOpenai increased by approximately 40%similarly increased.

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