Nvidia's stock market value is up $1 trillion in 2024. How it rose to AI prominence, by the numbers

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Nvidia’s stock price has jumped 92% this year as of Wednesday, increasing the company’s market value by more than $1 trillion.

FILE - CEO Jensen Huang walks on stage before the keynote address of Nvidia GTC in San Jose, Calif., Monday, March 18, 2024. Nvidias stock price has jumped 92% this year as of Wednesday, May 22, increasing the companys market value by more than $1 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results. stock price has jumped 92% this year as of Wednesday, increasing the company’s market value by more than $1 trillion.

The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company'sIt's the latest sign that the excitement surrounding artificial intelligence likely won’t subside anytime soon. Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here’s a look:The amount Nvidia Corp.

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