This company defeated Amazon and Google, came out ahead in business
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A company has been in the news for the last few days, whose name is Nvidia. This company has come among the top IT companies of the world. Recently, Cisco Systems also discussed partnering with Nvidia for Artificial Intelligence-AI. After the announcement of Cisco Systems, Nvidia’s shares also saw a spectacular rise.
At the same time, Nvidia has also defeated companies like Google and Amazon. Now it has become the third largest company in America. Let us tell you that Nvidia is among the big companies manufacturing AI chips. After the discussion about the partnership between the two companies, the stocks of the company have also increased. The company’s stocks are trading at $739. There has been a big increase in its shares during the last one week.
According to the data, the company’s stocks were trading at $700 on February 8. Now the price of these shares has increased by more than five percent to reach $739. Shares of Nvidia company have been rising continuously for the past several days. Whereas a month ago today i.e. on January 16, Nvidia’s shares were at $563, which has now come down to $739 after receiving the information of partnership with Cisco Systems.
During the last one month, Nvidia shares have registered an increase of 31 percent. After this increase, Nvidia has now become the third largest American company, surpassing Amazon and Google. Along with this, the company has also made it clear that it has succeeded in establishing its influence. Now only Apple and Microsoft remain ahead of AI chip manufacturing companies.
Let us tell you that during trading on February 13, Nvidia was ahead of Google’s parent company Alphabet and Amazon at one time. Alphabet made a comeback in the evening and prevented Nvidia from taking the lead. On this day the company’s turnover had reached $1.781 trillion. This year, Nvidia’s market cap has grown by $ 650 billion.
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