Nvidia on Tuesday made a series of announcements at its GTC conference in Washington, DC, sending the stock to record levels. Analysts are excited about what comes next. CEO Jensen Huang said he expects $500 billion in AI chip sales. Huang added that the company would partner with the Department of Energy to build seven new supercomputers. The company also said that it is taking a $1 billion stake in Nokia . The companies will work together in a strategic partnership to develop next-generation 6G cellular technology. The announcements sent Nvidia higher on the day by 5%. On Wednesday, shares rose another 3% — putting the chipmaker on pace to become the first company to reach a $5 trillion market capitalization — after President Donald Trump signaled plans to discuss the company's " super d
Nvidia announcements sent stock to record levels. What analysts are saying
CNBC Stock Market8 hrs ago
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