The explosive growth of Nvidia’s stock pushed the company’s capitalization to nearly $1 trillion. The GPU maker could become the ninth company in the world with a capitalization of more than $1 trillion. Today, Nvidia shares soared 29%, one of the biggest single-day gains in stock market history.
GPU maker Nvidia’s market capitalization has nearly reached $1 trillion, Bloomberg noted. According to current data at press time, Nvidia is worth $956 million.
If Nvidia raises another $50 million, it will become the ninth company in the world to break the $1 trillion mark in market capitalization.
Shares of GPU maker Nvidia exploded today, up 29% in one trading session. This was one of the strongest one-day gains in the stock in stock market history, Bloomberg noted.
Nvidia shares began to rise in price after the report was released. In it, the company announced a sales forecast above market expectations, which will be facilitated by the development of artificial intelligence.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
