NVIDIA's US stock price rose by more than 4.74% during the session, reaching $692, and the stock price hit a record high. Its total market value reaches US$1.71 trillion, one step closer to surpassing Amazon;For comparison, NVIDIA's current total market value is six times that of AMD, which has a total market value of US$280.4 billion.
According to reports, NVIDIA's stock price rose sharply this evening. On the news, the company received Goldman Sachs and Bank of America raising the target price to $800.
It is reported that NVIDIA has become the well-deserved "overlord" in the field of AI.With the surge in GPU demand brought about by ChatGPT, NVIDIA's stock price rose by 239% last year.
Nvidia's traditional strength is its gaming graphics cards, but artificial intelligence is another of its strengths and an area where the company has seen greater success in recent years.
Compared with Intel and AMD, NVIDIA currently has the fastest artificial intelligence GPU on the surface - the Hopper H100 and Ampere A100 architectures, which also have huge demand in the data center, cloud and automotive fields.
Some analysts pointed out that with the development of AI technologies such as ChatGPT, Nvidia's GPU sales will continue to increase and even double its performance.