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.
Esta historia es de la edición May 31, 2023 de Mint Mumbai.
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