Chip Giant Nvidia Nears Trillion-Dollar Status

Chip Giant Nvidia Nears Trillion-Dollar Status


Nvidia’s stock surged 24 percent on Thursday after the chipmaker forecast a huge jump in revenue, boosting its market value close to $1 trillion.
Nvidia CEO Jensen Huang said the company was seeing “surging demand” for its data center products amid the rise of accelerated computing and generative AI, according to its May 24 press release.
The surge more than doubled the stock’s value for this year and increased the company’s market capitalization by about $184 billion to nearly $939 billion.
That makes Nvidia twice as big as t …

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