Nvidia will take Intel's place on the Dow Jones Industrial Average, marking a big change in the semiconductor world. This shift ends Intel's 25-year run on the index and shows how it's struggling in the market as competition grows and it misses chances in the AI field.
Nvidia has taken the lead from Apple to become the world's most valuable company, thanks to high demand for its AI supercomputing chips. Nvidia's market value hit $3.53 trillion, just ahead of Apple's $3.52 trillion. This shift highlights Nvidia's key role in the AI industry.
This is about the partnership between Reliance Industries and Nvidia to set up AI infrastructure in India. Nvidia CEO Jensen Huang highlights how India is ready for AI growth, thanks to improvements in digital connectivity and computing power. The collaboration aims to improve AI services and applications for Reliance's large customer base.
Jensen Huang, the CEO of Nvidia, has made it into the top 10 of Forbes' billionaire list for the first time, with a net worth of $124.1 billion. His wealth jumped by $3.6 billion after Nvidia's stock price rose, highlighting a key moment in the world of generative AI.