U.S. stock market update | Reportedly developing a top-tier global open-source model, NVIDIA (NVDA.US) saw its stock rise nearly 3% during the session.

According to the Zhitong Finance APP, on Wednesday, NVIDIA (NVDA.US) saw a nearly 3% increase during intraday trading, reaching $223.73, the highest level in two months, with a total market capitalization of $5.44 trillion. In terms of news, it has been reported that NVIDIA is making every effort to develop an open-source model called Nemotron 4, which is expected to have at least one trillion parameters, aiming to reduce reliance on top customers such as OpenAI and cloud giants. NVIDIA's goal is to elevate the performance of the largest version of Nemotron 4 to the level of the world's leading open-source models. Several employees revealed that the expected parameter count for this model will be at least one trillionabout twice that of its current largest model, Nemotron 3 Ultra.