Nvidia hits US$1 trillion in market value on booming AI demand

Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker globally, valued at about US$535 billion.

Wall Street analysts called Nvidia's forecast "unfathomable" and "cosmological," hiking their price targets in droves. The highest price target valued the company at about $1.6 trillion, on par with Google-parent Alphabet. AI took centre stage after Nvidia stunned investors with a revenue forecast last week that surpassed analysts' expectations by more than 50%.

Nvidia's shares rose about 25% last week sparking a rally in AI-related stocks and boosted other chipmakers, helping the Philadelphia SE Semiconductor index close on Friday at its highest in over a year.

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Nvidia surpasses US$1 trillion market valuation - BNN BloombergNvidia Corp. became the world’s first chipmaker with a US$1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.
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