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Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy.
A bold $6 trillion Nvidia forecast predicts booming AI demand will fuel the chipmaker's next leg higher as data center spending keeps surging.
Nvidia reclinched its title as the world's most valuable company for a second time this month.
Nvidia stock (NVDA) rose more than 4% Wednesday to notch a new record high of $154.31, completing a remarkable turnaround from earlier this year.
Nvidia's latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related tech companies.
Nvidia shares closed at an all-time high on Wednesday as Wall Street investors shook off fears that US limits on chip exports to China would hurt the company’s business.
Nvidia CEO Jensen Huang sold 100,000 shares worth about $15 million as part of a planned stock sale, with the chip giant continuing to grow rapidly with the rise of AI.
Key Points NVIDIA pays a paltry dividend, even by Big Tech standards. However, NVIDIA previously hiked its dividend substantially, and shareholder demand could influence future dividend raises.
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