Nvidia’s market value has surpassed $2 trillion, marking a significant milestone in the chipmaker’s rapid growth as one of the world’s most valuable companies. The Silicon Valley firm saw its shares rise over 4% in morning trading on Friday following a strong earnings report. The company’s success is attributed to the increasing demand for its chips driven by advancements in artificial intelligence (AI). Nvidia’s turnover doubled last year to over $60 billion, with CEO Jensen Huang noting a surge in demand globally.
Originally known for producing graphics processing chips for computer games, Nvidia has expanded its offerings to include features that support machine learning, positioning itself as a key player in the AI industry. The company’s stock price has more than tripled in the past year, reaching nearly $800 per share. Following its recent earnings report, Nvidia experienced a significant increase in market value, making it the world’s fourth most valuable publicly traded company.
The company’s success reflects the growing adoption of AI technology across various industries, with experts noting its impact on sectors such as automotive, telecommunications, and mainstream businesses. Analysts believe that Nvidia’s performance signals a tipping point for the industry, as AI becomes more integrated into everyday operations.
