Why Nvidia May Become The 6th Company Worth $1 Trillion

📆 5/27/2023 12:05 AM
📰 Forbes

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Nvidia trails Amazon as the company with the sixth-largest market valuation—and the AI boom may drive it much higher.

to Reuters, the company’s shares have risen over 160% this year, adding $586 billion in market value and making it the fifth most valuable U.S. company.

in on $1 trillion, a feat that only five other companies have accomplished: Apple, Amazon, Google’s parent company Alphabet, Microsoft and Saudi AramcoKey Background

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Why Nvidia is suddenly one of the most valuable companies in the worldNvidia has for years made the computer chips that can run graphics-heavy video games. But several years ago, artificial intelligence researchers began using those same chips to run the powerful new algorithms that were causing breakthroughs in the field.
Source: washingtonpost - 🏆 95. / 72 Read more »