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Nvidia surpasses $1-trillion market valuation in massive AI bet

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Nvidia became the world’s first chipmaker with a $1\u002Dtrillion market capitalization, joining the ranks of just 5 American companies. Read on.

Huang’s urgency — and his willingness to take risks that other rule-by-committee businesses dare not — is what compelled Nvidia Corp., the Silicon Valley chipmaker he founded 30 years ago, to make big bets onyears before anyone else was taking it seriously. Today, it’s proving to be the company’s golden goose.

“It’s too much,” Huang said during his presentation of the platform in Taiwan. “I know it’s too much.”, whose flagship ARK Innovation ETF fund cut its holding in Nvidia in January, warned that the computer-chip industry’s boom-bust cycles pose risks. “There are a few reasons we take some pause,” she said, with competition growing among firms for a piece of the AI market. She called Nvidia a “a check-the-box stock.

“We have never seen a guide like the one Nvidia just put up,” Sanford C. Bernstein analyst Stacy Rasgon said at the time.

 

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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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