News on Medial

Chipmaker Nvidia surges past Saudi Aramco, becomes world's third-largest company

Livemint · 1y

Nvidia has surpassed Saudi Aramco to become the world's third-largest company by market capitalization. The tech giant's stock market value closed above $2 trillion for the first time, driven by positive reports from Dell Technologies on increased orders for its AI-optimized servers. Nvidia's CEO, Jensen Huang, has also made bold predictions, stating that artificial general intelligence (AGI) could arrive within five years. However, he acknowledged that there are still differing opinions on how to define and achieve AGI. Huang also noted the need for more chip factories to support AI industry growth, although advancements in computing efficiency will help limit the number of chips required.