Reuters: NVIDIA becomes the world's first company with a market capitalization exceeding $4 trillion
Reuters reported on July 9 that NVIDIA's market value reached $4 trillion on Wednesday, becoming the first listed company in the world to break this milestone, consolidating its position as one of the most favored stocks on Wall Street; the company's stock price rose 1.63% to close at $162.61 after touching a historical high of $164, benefiting from a surge in demand for artificial intelligence technology. Michael Ashley Schulman, Chief Investment Officer at Running Point Capital, warned that competition risks from companies such as Amazon, Microsoft, and Meta designing their own chips, and quantum computing could surpass NVIDIA within 5 to 7 years, while NVIDIA stated that quantum technology would require 10 to 15 years. Dan Morgan, Senior Portfolio Manager at Synovus Trust, pointed out that AI capital expenditure slowdown has bottomed out, and capital expenditure by the four major hyperscale companies is expected to exceed $330 billion in 2025, far higher than $240 billion in 2024, but there are questions about NVIDIA's sales growth slowing down as it transitions from the Hopper series of chips to the Blackwell chips. Gil Luria, an analyst at D.A. Davidson, believes that although NVIDIA's future dominance may weaken, it will still be a major supplier of AI hardware, and although its valuation is at a historical high, the investment cycle visibility is higher. Chuck Carlson, CEO of Horizon Investment Services, emphasized that NVIDIA is the golden child of AI investment, providing strong growth data and is essential for accessing generative AI and accelerated computing; Art Hogan, Chief Market Strategist at B Riley Wealth, called it an amazing transformation story, as the company rose from a manufacturer of gaming and cryptocurrency mining chips to a leader in AI computing; Robert Pavlik, Senior Portfolio Manager at Dakota Wealth, said that NVIDIA, as a pillar of AI infrastructure, highlights a technological revolution, and its stock still has room to rise.
Original article: https://www.toutiao.com/article/1837201204859979/
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