Nvidia became the world’s first chipmaker with a market capitalization of more than $1 trillion and the ninth public company in the world with a value of more than $1 trillion. Nvidia shares are up 175% since the start of the year, having exploded last week following the release of quarterly reports of record growth in demand for AI processors.
Nvidia’s market capitalization surpassed $1 trillion in US intraday trading, making the company the world’s first chipmaker with a value of more than $1 trillion.
According to Nasdaq data, current at the time of publication, Nvidia’s market value is $1.011 trillion.
Nvidia has become the ninth largest public company in the world with a market capitalization of more than $1 trillion. The first was Chinese oil and gas company PetroChina, which listed on the Shanghai Stock Exchange in 2007. In the United States, that company was Apple.
Nvidia shares are up 175% since the start of 2023. The explosive price growth began last week after the release of a quarterly report from the company, in which it discussed the rapidly growing demand for intelligence processors. artificial.
Author:
Kirill Bilyk
Source: RB
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