Nvidia joins the exclusive $1 trillion club

Nvidia joins the exclusive $1 trillion club


4 months ago

Booming demand for its AI chips has landed Nvidia a prime spot in one of the most exclusive clubs on Wall Street as the chipmaker hit a market cap of $1 trillion, CNN reported. It's just the ninth company globally to have achieved such a feat,

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Nvidia, the American technology company based in Santa Clara, California, is now the newest member of the exclusive $1 trillion club, joining the ranks of Apple, Amazon, Microsoft, and Alphabet. The company is best known for its computer graphics and gaming chips, such as its GeForce GPUs, and for its artificial intelligence solutions. The company has seen exponential growth over the past several years, due in large part to its success in the data center market and its expansion into autonomous driving and other artificial intelligence applications. Nvidia is now one of the world's most valuable technology companies, with a market capitalization of $267 billion.

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