Nvidia Hits Record $4.5T Market Cap as Google Invests $1.4B in Cipher
Nvidia, a tech giant, has hit a record high, boosting its nvda market cap to $4.5 trillion. Meanwhile, Alphabet, through its subsidiary Google, has invested $1.4 billion in Cipher for high-performance computing data centers. Investors can now tap into growth areas like AI and e-commerce via the Magnificent 7 Index.
Nvda's stock price has surged by 35 percent this year, reaching an all-time high. Citigroup recently raised its price target for nvda stock shares to $210, citing positive prospects for the company's product roadmap, including the new Rubin-CPX GPU for generative video AI and a multi-billion dollar partnership with OpenAI to build super data centers.
Google, a subsidiary of Alphabet, has invested $1.4 billion in Cipher, with the agreement expected to generate $3 billion in revenue over a decade. The deal gives Google a 5.4 percent stake in Cipher, with around 24 million warrants received.
The Magnificent 7 Index, launched in September 2023, has shown remarkable growth, gaining 93 percent since its inception. It offers exposure to growth areas such as artificial intelligence, autonomous driving, and e-commerce, allowing investors to participate using an index certificate (WKN: DA0AC0).
Nvda's record-breaking performance and Alphabet's strategic investment in Cipher highlight the growing demand for high-performance computing and AI technologies. The Magnificent 7 Index, with its impressive gains, provides investors with a compelling opportunity to participate in these growth areas.
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