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AI News from ET - Nvidia reclaims top spot as world’s most valuable firm on AI ‘golden wave’ optimism

Vishwadeep Khatri
in AI News & Two Lenses

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Nvidia's latest gains reflect the US stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia recently traded at about 30 times analysts' expected earnings for the next 12 months, below its average of about 40 over the past five years, according to LSEG data.

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