Accelerating the expansion of its layout, NVIDIA spent 1 billion dollars on AI companies in 2024.

① NVIDIA will invest 1 billion dollars in 50 rounds of funding for startups in 2024, surpassing the 0.872 billion dollars and 39 rounds of funding in 2023; ② NVIDIA's investments are mainly focused on AI companies, which are often buyers of its GPUs, and the investments may recover some expenses from them.

cls.cn19:01

After NVIDIA's market cap skyrocketed by 171% to 2 trillion USD in 2024, where will the stock price head next?

Source: According to Semiconductor Industry Observer and Reuters, driven by the surge in interest for AI and strong demand for AI-centric chips across various industries, $NVIDIA (NVDA.US)$ has become the fastest-growing company in Global Market Cap in 2024. The chip manufacturer's Market Cap grew by more than $0.02 million last year, and its stock price surged by 178% in 2024, making it the third best-performing stock in the S&P 500 Index. By the end of 2024, its Market Cap reached $3.28 trillion, becoming the second most valuable company in the world.

Semiconductor industry observation12:21

U.S. stock market in the morning | The three major Indexes all rose, with the Nasdaq up nearly 1%! NVIDIA rose nearly 4%, and Tesla increased over 2%; some Chinese concept stocks strengthened, with MINISO soaring over 8%.

On the evening of October 3rd, Beijing time, the U.S. stock market opened slightly higher on Friday. After a turbulent start to the new year, the major stock indices rose slightly, and the S&P 500 Index may end a prior streak of five consecutive trading days of decline.

Global market report.1minutes ago

Expanding collaboration with NVIDIA, the automotive AI technology company Cerence surged by 70% at one point.

Cerence stated in a statement: the expanded collaboration with Nvidia provides Cerence AI with scalable and reliable tools and resources to work with Auto Manufacturers customers to develop the next generation of user experiences.

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