Nvidia’s market capitalization surged past $1 trillion for the first time in the chipmaker’s history Tuesday, as the Silicon Valley behemoth rides Wall Street’s artificial intelligence obsession to new heights.Shares of Nvidia rose 4% in early trading, representing a one-day gain of $40 billion and pushing the chipmaker's market value to a hair over $1 trillion.
Nvidia is now the sixth public company in the world valued at over $1 trillion, joining Apple, Saudi Aramco, Microsoft, Alphabet and Amazon; the only other companies to ever cross the threshold are Tesla and Meta, which are each valued at less than $700 billion today, and Chinese oil giant PetroChina.
Joining the $1 trillion club follows a dramatic rise thus far in 2023, with Nvidia's stock up more than 175% as Wall Street analystsKey Background
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