AI craze presses Nvidia worth to $2 trillion

AI craze presses Nvidia worth to $2 trillion

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Chipmaker’s market capitalisation records greatest one-day dive in UnitedStates market history PUBLISHED : 23 Feb 2024 at 22: 11 (Photo: Reuters) NEW YORK – The market worth of Nvidia hit $2 trillion on Friday, riding on an pressing need for its chips that made the Silicon Valley business the leader of the generative synthetic intelligence boom. The turningpoint followed another bumper profits projection from the chip designer that drove up its market worth by $277 billion on Thursday — the biggest one-day gain in UnitedStates stock market history. The business’s fast climb in the past year has led experts to draw parallels to the selects and shovels suppliers throughout the gold rush of 1800s as Nvidia’s chips are utilized by practically all generative AI gamers from the ChatGPT maker OpenAI to Google. That has assisted the business vault from $1 trillion to $2 trillion market worth in
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