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Nvidia Hits USD 2 Trillion Market Value in AI Driven: Nvidia reached a $2 trillion market value on Friday, driven by high demand for its chips, establishing the Silicon Valley company as a leader in the generative artificial intelligence trend.
Nvidia Hits USD 2 Trillion Market Value in AI Driven
The significant milestone followed a robust revenue forecast, leading to a record-breaking $277 billion increase in market value on Thursday, the largest single-day gain on Wall Street.
Nvidia’s remarkable growth in the past year draws comparisons to the suppliers of tools during the 1800s gold rush, as its chips are utilized by major generative AI players like OpenAI and Google.
Also Read: Nvidia Hits USD 2 Trillion Market Value in AI Driven
Surging from $1 trillion to $2 trillion in market value in just around nine months, Nvidia achieved this feat faster than any other US company and in less than half the time it took tech giants Apple and Microsoft.
“For AI companies today – the leaders of the sector – what’s going to be binding for them is not going to be demand. It’s just going to be their capacity to answer the surging demand,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
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