5/30, 11:58 AM (Source: TeleTrader)
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Nvidia set to hit $1T market cap, up over 3% premarket

Nvidia Corporation rose more than 3% in premarket trading on Tuesday as investors are seemingly motivated by the latest developments in the tech sector regarding artificial intelligence. If the tech company keeps the gains after the market opens, it will hit for the first time the trillion dollars in market capitalization.

The stock price move also comes in tandem with recent announcements of new products made by the firm over the last few days. Jensen Huang, the founder, and CEO of Nvidia, unveiled on Monday the DGX GH200, a large memory AI supercomputer platform. Meta, Google, and Microsoft are expected to be the first players to deploy the unit "which can be used as a blueprint for future hyperscale generative AI infrastructure."

At 5:54 am ET, Nvidia's shares were up 3.67% to sell for $403.69.

Baha Breaking News (BBN) / JG