Nvidia, the AI chipmaker, has surpassed Amazon and Alphabet in market value, becoming the fourth most valuable company in the world. With a market capitalization of $1.83 trillion, Nvidia's dominance in AI technology has attracted the attention of Wall Street.
Traders are expecting the company's shares to swing by 11%, prompting big investors to pile into the stock. Nvidia's upcoming earnings report is highly anticipated, with options traders preparing for a significant move in the stock.
Despite concerns of a potential bubble, Nvidia's investments in AI-related stocks have also led to a surge in their stock prices. The hype around artificial intelligence is driving up tech stock prices and increasing the wealth of shareholders.
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