Nvidia market value surges toward $1 trillion as AI boom boosts sales

Make room, Apple, Microsoft and Alphabet! A potential new entrant is knocking on the doors of the exclusive club of trillion-dollar market-cap companies.

The after-hours jump in Nvidia's shares boosted its effective market capitalization by about $190 billion toward $950 billion, according to Insider calculations based on Refinitiv data. Nvidia CEO Jensen Huang said the company is"significantly increasing our supply to meet surging demand" for its data center products.

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U.S. stocks open mostly higher as Nvidia drives tech rallyU.S. stock indexes opened mostly higher after Nvidia gave stronger-than-expected revenue forecast for its fiscal second quarter, while the Dow Jones Industrial Average was off 55 points, or 0.2%, to 32,744:
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