Nvidia's market cap surpasses $5 trillion again

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

A report released last week by Stanford University mentioned the rapid adoption of AI. The report states that AI is being adopted at an unprecedented pace, with the adoption rate of generative AI reaching 53%, faster than the adoption rates of personal computers and the internet. However, DeepSeek has released a new model, DeepSeek-V4, which features a super-long context of millions of characters and achieves leading performance in agent capabilities, world knowledge, and reasoning within both domestic and open-source fields. This model was developed in collaboration with Huawei's Ascend. The cooperation between cutting-edge models and domestic computing power manufacturers, and their successful adaptation, is expected to promote the use of domestic computing power, which objectively also poses a challenge to Nvidia. (Source: Yicai)