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Bloomberg Daybreak: Asia Edition
Nvidia Tops $3 Trillion in Market Value as AI Rally Steams Ahead
Jun 6, 2024
Ed Ludlow, Anastasia Amoroso, and Mary Nicola discuss Nvidia surpassing $3 trillion in market value, the reasons behind it, semiconductor trade, international market trends, investment opportunities in China, and insights on the European Central Bank's impact on FX markets.
26:34
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Quick takeaways
- Nvidia surpasses $3 trillion market cap, outperforming Apple, showcasing strong revenue growth.
- Nvidia plans rapid AI accelerator upgrades annually, backed by TSMC partnership, amidst AI industry infancy.
Deep dives
Nvidia's Market Cap Reaches $3 Trillion
Nvidia becomes the first chipmaker to achieve a $3 trillion market cap, surpassing Apple. Despite concerns over an AI bubble, Bloomberg's Caroline Hyde justifies Nvidia's gains, highlighting the company's remarkable revenue growth at 200 percent. Caroline Hyde and Ed Ludlow discuss Nvidia's forward PE, which is over 42, reflecting the company's strong financial performance amidst the AI acceleration boom.
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