April 17, 2024

AndronETalksNews

AndronETalksNews

Nvidia valued at $1 trillion thanks to AI boom

BBC News

By Natalie Sherman & Zoe Kleinman
 
May 30, 2023
 

The elite club of US companies worth more than $1 trillion officially has a new member: chip maker Nvidia.

The share price of the California-based firm shot past $412 on Tuesday, having risen by more than 30% since last week.

It comes after the company shocked analysts, forecasting “surging demand” due to advances in artificial intelligence (AI).

Apple, Amazon, Alphabet and Microsoft are among the other publicly traded US firms worth more than $1tn (£800bn).

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