NVIDIA Becomes First Five-Trillion Dollar Company

<p>NVIDIA became the first company to ever reach &dollar;5 trillion in stock market capitalization last week among a continued surge in technology shares&period;<&sol;p>&NewLine;<p>Shares in NVIDIA are up 3&period;5&percnt; over the past week and 10&period;8&percnt; for the year&period; Demand for AI chips continues to drive investment in the company and top technology firms in the area&period;<&sol;p>&NewLine;<p>The top three most valuable companies in the world are all based in Silicon Valley&period; Alphabet &lpar;No&period; 2&rpar; has a market cap of &dollar;4&period;2 trillion and Apple &lpar;No&period; 3&rpar; has a value of &dollar;3&period;9 trillion as of Monday morning&period;<&sol;p>&NewLine;<p>AMD&comma; Intel and Sandisk shares are all trading at record highs on chip and memory demand for AI data centers&period;<&sol;p>&NewLine;<p>&lbrack;Graphic above by Google Gemini&rsqb;<&sol;p>&NewLine;

Editor

Menlo Ventures Invests in Factory

SAN FRANCISCO -- Factory, a company specializing in self-improving software development, announced that Menlo Ventures…

6 days

Instinct Scores $1 Billion Series C

SAN FRANCISCO -- Instinct, a company building a personal agent for everyday life, has raised…

6 days

Matter Ventures Closes $450 Million Second Fund

LOS ALTOS -- Matter Venture Partners has closed its second fund at $450 million. The…

6 days

Lyft to Pay $272.5 Million Settlement for Misclassifying Drivers

SAN FRANCISCO — San Francisco City Attorney David Chiu – alongside California Attorney General Rob…

6 days

Outmarket AI Lands $34.5 Million

SAN FRANCISCO -- Outmarket AI, an AI platform for insurance, has raised $34.5 million in Series…

2 weeks

Presto Raises $10 Million for Voice AI

SAN MATEO -- Presto Phoenix, Inc. (“Presto”), a specialist in enterprise-grade Voice AI for quick-service…

2 weeks