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Nvidia has made history by becoming the first company to reach a market valuation of $4 trillion, driven by its leadership in artificial intelligence and semiconductor technology. This milestone highlights the company's significant impact on the technology sector and the growing demand for AI-related products and services.
Qualcomm's stock surged by 20% after announcing new artificial intelligence accelerator chips aimed at competing with Nvidia. The AI200 and AI250 chips, set to ship in 2024 and 2027 respectively, promise high memory bandwidth and energy efficiency, marking Qualcomm's expansion into the AI chip market.