00:00NVIDIA notched a market capitalization of $4 trillion on Wednesday,
00:05making it the first public company in the world to reach the milestone
00:08and solidifying its position as one of the Wall Street's most-favorite stocks.
00:14Shares of the leading cheap designer rose as much as 2.5% to an all-time high of $164,
00:21benefiting from the ongoing search in demand for artificial intelligence technologies.
00:25Analysts said the company's dominance in high-performance chips and infrastructure innovation,
00:33including a shift to liquid-cooled system,
00:36continues to fuel investors' confidence and solidify its leadership in the AI sector.
00:42NVIDIA reaching $4 trillion in market cap today, obviously a milestone,
00:46the first company to be able to do that.
00:49And really, I think it's a story about the durability of their earnings.
00:52They've been continuing to beat earnings expectations time and time again,
00:56and the scale of the beats has still been growing.
00:59They've been able to double their revenues year over year over year.
01:02Now they're even switching product lineups,
01:05and they're finding more demand from the newer product lineup that they're bringing out.
01:10And what we're finding is on the AI trade, it's all coming down to compute,
01:15and the power of compute, it seems like NVIDIA really has cornered the market in this particular process.
01:21The highest functioning chips, but also the bigger systems.
01:25Now we're converting from air-cooled to liquid-cooled,
01:28things that are going to be, I think, easier to adopt from an infrastructure perspective.
01:32They're making it easier, better, and faster compute.
01:36All of that leads into this $4 trillion market cap that we achieved today.
01:41NVIDIA's soaring market value underscores Wall Street's confidence in the rapid growth of AI,
01:47with the company's high-performance chips forming the backbone of this technological advance.
01:52The stock's recent rally follows a sluggish start of the year,
01:55when the emergence of a Chinese discount artificial intelligence model developed by DeepSeq
02:01shook confidence in stocks linked to the sector.
02:04Microsoft is the second most valuable U.S. company.
02:07With a market capitalization of $3.74 trillion,
02:11its shares gained 1.4% on Wednesday.
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