US Stock Market Move | It was revealed that NVIDIA Corporation (NVDA.US) is developing a leading global open-source model, with its stock rising nearly 3% during the day.

On Wednesday, NVIDIA Corporation (NVDA.US) rose nearly 3% during trading, reaching $223.73, the highest level in two months, with a total market capitalization of $5.44 trillion. According to reports, NVIDIA Corporation is fully committed to developing an open-source model named Nemotron 4, which is expected to have at least one trillion parameters, aiming to reduce dependence on major clients like OpenAI and cloud giants. NVIDIA Corporation's goal is to elevate the performance of the largest version of Nemotron 4 to be on par with the world's leading open-source models. Several employees disclosed that the anticipated parameter count for this model is expected to reach at least one trillionabout twice that of their current largest model, Nemotron 3 Ultra. Analysts note that the development news of Nemotron 4 also indicates that NVIDIA Corporation is no longer content with being the world's largest AI chip supplier, but is instead positioning itself for direct competition with top players in the open-source model field.