Nvidia's market capitalization is projected to reach $6 trillion by 2026, according to industry insiders at the Cerebral Valley Summit in San Francisco. Despite this optimistic forecast, the growth rate may not be as rapid as previously expected. The summit, attended by over 300 industry participants, also highlighted a bearish outlook on Perplexity, a controversial startup seen as a prime target for short selling. The event revealed that OpenAI's annualized revenue could hit $30 billion by 2026, with the company expected to maintain its lead in the LMARaena rankings. However, more attendees expressed a preference for investing in Anthropic over OpenAI. The conference also discussed the trend of reverse takeovers in the AI sector, driven by large tech companies like Meta and Google, as they seek to acquire top talent amid antitrust scrutiny and competitive pressures.
Nvidia's Market Cap Could Hit $6 Trillion by 2026 Amid AI Industry Shifts
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