Nvidia’s shares rallied around 6% to hit a record high leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalisation reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, which is Wall Street’s second-most valuable company after Microsoft.
Its stock surged as much as 8% to $1,149.39 during the session, an intra-day record high. Apple’s stock was down 0.2% in afternoon trading.
Nvidia’s shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split, which excited investors as they continue to bet on the AI poster child.
“The market has been struggling to keep up with the company’s ever improving growth trajectory. At a mid-thirties forward earnings multiple, this still doesn’t feel like bubble territory,” said Derren Nathan, head of equity analysis at Hargreaves Lansdown.
WhatsApp might be able to generate images quickly using Meta AI
Before AI (artificial intelligence) tools made their way in our lives, generating images was something that only accomplished designers could do. However, anyone can create the image they want with tools like Midjourney, Microsoft Copilot (earlier Bing) and Google Gemini. Now, as per recent reports, creating images will be even more feasible since WhatsApp is reportedly working on a new feature.
According to a WA Beta Info report, WhatsApp is working on a new feature to generate AI-powered images quickly. A new shortcut within the chat attachment sheet is being tested to help users generate these images efficiently. According to the screenshot shared by WA Beta Info, this upcoming feature could use Meta AI, an advanced assistant capable of complex reasoning, executing instructions, visualising concepts, and solving intricate problems.
At present, users can generate images directly within the Meta AI chat or by using a command in group chats. The upcoming update is expected to simplify this process by adding a shortcut to the chat attachment sheet. Hence, users will not have to switch to their Meta AI chat in order to generate images, they can do so by just tapping a single button.