As a leader in the field of chips and artificial intelligence, Nvidia is highly sought after, becoming the third largest company in the United States, and at the same time driving Nvidia's concept stocks higher.
On Wednesday local time, Nvidia ***25% to $739, and the market capitalization rose to 1At $825 trillion, it became the third-largest company in the U.S., surpassing Google's parent company Alphabet, and is currently smiling** in today's pre-market trading.
Nvidia is about to release its earnings report on February 21, and the market is optimistic about the demand for AI chips. While Nvidia is rising like a rainbow, its concept stocks are also "demonic".
Soundhound AI, a voice technology company, jumped as much as 78% in Thursday's premarket to 4$02, currently up 66%.
Nvidia disclosed its investments in other companies in a filing after Wednesday, which showed that it held about 1.7 million shares** of Soundhound AI at the end of December, worth about $3.7 million at the time.
Nvidia also listed investments in chip designer Arm, medical imaging developer Nano-X Imaging, and drug developer Recursion Pharmaceuticals, whose shares also jumped in premarket trading.
The partnership with Nvidia also boosted the stock price sharply**, with Beamr Imaging soaring nearly 1,556% in a day on Monday, and at one point soaring as high as 34$94, but the gain fell back to 37156%, and 13% in Thursday's pre-market.
The stock's trading volume surged as high as 141.1 billion shares, while the average all-day trading volume over the past 30 days is about 2680,000 shares, the largest and most actively traded of any major U.S. exchange**. Since the market opened at 9:30 a.m. ET, the stock has halted trading four times due to wild volatility.
The Israel-based company skyrocketed due to its announcement that it would launch a conference on 2At the ACM Mile-High-Video 2024 conference held on November 14, AOMEDIA Video 1 (*1), a joint research result with NVIDIA on automation** modernization, was presented.
Beamr has previously announced plans to launch a new cloud service on Amazon AWS on February 20, 2024, simplifying processing and powered by NVIDIA.