"The virtual cycle of AI has been designed, and this is ... the reason why you're seeing the world's capex going so fast," Nvidia CEO Jensen Huang said.

Nvidia commits $1 billion to acquire a 2.9% stake in Nokia, aiming to build AI-networking infrastructure and signal next-gen connectivity strategy.

Shareholders of the Austin, Texas-based Bitcoin (BTC) mining company Core Scientific (Nasdaq: CORZ) have rejected a $9 billion merger deal with the AI cloud infrastructure company CoreWeave (Nasdaq: CRWV), the Bitcoin miner announced on Oct. 30.

Samsung Electronics will deploy more than 50,000 Nvidia graphics processing units, embedding artificial intelligence throughout the semiconductor manufacturing flow.

The chipmaker on Wednesday became the first publicly listed company to top $5 trillion in market value, boosted by demand for its AI chips.

The Wall Street milestone underscores the company's swift transformation from a niche graphics-chip designer into the backbone of the global AI industry.

In the past year, Nvidia stock has advanced 45%, bringing its market value to $5 trillion. More impressive, Palantir Technologies stock has advanced 335%, bringing its market value to $465 billion. That means the companies, in aggregate, are worth about $5.4 trillion.

PUBG publisher Krafton Inc. has partnered up with Nvidia to bring new AI-powered co-playable characters to the popular battle royale game.

"It's in the best interest of America to serve that China market. It's in the best interest of China to have the American technology," the Nvidia CEO said.