Fueled by AI, Nvidia joins the $1 trillion club

Fueled by AI, Nvidia joins the $1 trillion club


4 months ago

Booming demand for its AI chips has landed Nvidia (NVDA) a prime spot in one of the most exclusive clubs on Wall Street: The chipmaker hit a market cap of $1 trillion on Tuesday. It’s just the ninth company globally to have achieved such a feat,

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Nvidia, the American technology company best known for its graphics processing units (GPUs) used in gaming and data centers, has become the latest company to join the $1 trillion club, fueled by its success in the artificial intelligence (AI) space. The company, which has been focused on developing products that leverage AI, has seen a dramatic increase in its stock price over the past decade. From its GPU technology to its autonomous vehicle and healthcare initiatives, Nvidia has become a leader in the AI space, and its market capitalization now stands at over $1 trillion. Investors have responded positively to the company's long-term strategy of focusing on AI, as the technology is expected to play an ever-increasing role in the global economy in the years to come.

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