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

📆 26/05/2023 02:42:00
📰 BusinessInsider

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Nvidia closes in on the $1 trillion market-cap club as the chipmaker's stock pops on glowing forecasts driven by the AI boom

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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