Nvidia, a US firm specializing in semiconductors crucial for the growth of artificial intelligence, almost made it to a trillion-dollar market valuation after the company exceeded past quarterly earnings expectations.
Nvidia, a US firm specializing in semiconductors crucial for the growth of artificial intelligence, almost made it to a trillion-dollar market valuation after the company exceeded past quarterly earnings expectations. Nvidia shares surged as much as 27%, putting them on course for a record performance with a market cap above $900 billion. If Nvidia hits the $1 trillion mark, it will join a club of only five companies — all US tech giants except Saudi Aramco, the oil behemoth.
Nvidia's chips are a central ingredient in the generative AI revolution, capable of delivering the computing heft needed to churn out complex content in just seconds from data centers around the world.