Nvidia Tops $5 Trillion, Adds $200 Billion in a Single Day
Nvidia's market value surged above $5 trillion after its shares jumped 4.3% to close at $208.27, driven by investor enthusiasm for artificial intelligence stocks. The company's stock has risen more than 14 times since the end of 2022.
Nvidia's shares jumped 4.3% to $208.27, pushing its market value above $5 trillion. The company makes powerful chips used to train and run AI models, with customers including Google, Microsoft, Meta, and Amazon. Nvidia's stock has surged over 14 times since 2022. The rally is driven by investor enthusiasm for AI stocks, with the Nasdaq Composite climbing 15% this month. Other chipmakers, such as Advanced Micro Devices and Qualcomm, also rallied following Intel's strong earnings. Nvidia remains the leader in AI chips, but faces increasing competition from companies like Alphabet.
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