Nvidia Surges To $4.5 Trillion Market Cap On OpenAI Stake

Benzinga

Nvidia shares surged to a record, lifting its market cap above $4.5 trillion as AI spending accelerates. The company will take a stake in OpenAI and build massive GPU-powered data centers with Oracle under the $500 billion “Stargate” project. Citi raised its price target, citing soaring demand as Nvidia leads AI infrastructure growth.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Vidya shares hit a record on Tuesday, climbing nearly 3%, pushing its market cap past $4.5

00:07trillion, according to CNBC. The stock is up 39% this year, fueled by expanding AI infrastructure

00:13spending. OpenAI said Vidya will take an equity stake worth of $100 billion and build hundreds

00:18of billions of dollars of GPU-powered data centers as part of the $500 billion Stargate

00:22project with Oracle. Vidya CEO Jensen Wong said its products make up about 70% of new

00:28AI data centers spending. The city raised its price target on the stock to $210, citing

00:33accelerated demand. Vidya is outperforming most mega cap pairs, trailing only Broadcom, which

00:38is up about 40% on AI momentum.

00:40For all things money, visit Benzinga.com.

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