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Recent trends in the artificial intelligence space point to a strong upcoming report from Nvidia.
Given that it's already the world's largest company, it's natural to wonder how much larger Nvidia (NASDAQ: NVDA) can get. I think the answer is fairly simple: much larger. Though hyperscalers have already set new records year after year with how much they are devoting to capital expenditures,
Nvidia is set to report earnings after the closing bell Wednesday, with traders anticipating a big move in the chipmaker's stock that could take it to new highs.
The AI chipmaker now ranks behind only gold as the world's most valuable asset -- and the next big milestone may not be far off.
The standoff comes as Chinese firms increasingly turn to domestic chipmakers like Huawei, in a drive to reduce China’s dependence on Western technologies.
The chipmaker is in a league of its own and currently holds the title of the world's largest corporation. But some of its tech peers aren't that far behind. The closest to Nvidia is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL),
Nvidia stock is trading at a record high after Wall Street analysts issued bullish calls and as CEO Jensen Huang joins Trump's China summit.
US President Donald Trump said he discussed guardrails on artificial intelligence with Chinese leader Xi Jinping, while adding that Nvidia Corp.’s H200 chips also came up during a two-day summit in Beijing.