Nvidia stock closes at record, pushing market cap past $5 trillion [CNBC]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: CNBC
Shares of Nvidia jumped 4.3%, while Intel had its best day since 1987, soaring 24%. Investors are piling into the chip trade ahead of earnings from the hyperscalers next week. In this article Nvidia shares closed at a record on Friday for the first time since October, pushing the company's market cap past $5 trillion, as investors piled into the AI chip trade ahead of earnings next week from tech's hyperscalers. The stock rose 4.3% to close at $208.27. Nvidia is up more than 14-fold since the end of 2022, driven by soaring demand for artificial intelligence services and models. Nvidia's graphics processing units are relied on by Google, Microsoft Meta and Amazon as well as model developers OpenAI and Anthropic. Friday's rally was sparked by better-than-expected earnings late Thursday from chipmaker Intel , which has largely been left out of the AI market until recently. Intel shares spiked 24% , their best performance since 1987. Advanced Micro Devices , which competes wi
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