Nvidia's market cap breaks $5 trillion again

Odaily reported that as of the close of US stocks on April 24, Nvidia's stock price rose over 4%, pushing its market cap above $5 trillion. This marks the first time in nearly six months, since late October last year, that Nvidia's market cap has surpassed $5 trillion again.

A report released by Stanford University last week mentioned the rapid adoption of AI. The report stated that AI is being adopted at an unprecedented rate, with the adoption rate of generative AI reaching 53%, faster than the adoption speed of personal computers and the internet. However, DeepSeek released its new model, DeepSeek-V4, which features a million-character ultra-long context and achieves leading performance in China and the open-source field in terms of agent capabilities, world knowledge, and reasoning ability. This model was developed in collaboration with Huawei Ascend. The cooperation and adaptation of cutting-edge models with domestic computing power providers are expected to promote the use of domestic computing power, which objectively also poses a challenge to Nvidia. (Yicai Global)