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

📆 5/25/2023 7:42 PM
📰 BusinessInsider

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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:
Source: MarketWatch - 🏆 3. / 97 Read more »