Nvidia turns $1 tn firm as investors bet on AI
Mint Mumbai|May 31, 2023
Shares have soared since co's sales forecast shattered Wall Street estimates
Nvidia turns $1 tn firm as investors bet on AI

Nvidia Corp. became the world's first chipmaker with a $1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.

The stock rose 4.3% in New York trading on Tuesday, gaining a market cap of $1.02 trillion and joining the likes of Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. in trillion-dollar valuations. Fewer than 10 companies globally have ever achieved this level.

No other company embodies Wall Street's current obsession with artificial intelligence (AI) more than Nvidia. It has become the world's biggest maker of the specialized chips needed to power a new generation of AI products, surpassing Advanced Micro Devices Inc. and Intel Corp. in capability just as the viral success of ChatGPT has virtually every company around the world baking AI into its operations.

هذه القصة مأخوذة من طبعة May 31, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 31, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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