Nvidia could become the first trillion dollar chip firm

Chip designer Nvidia Corp hit an all-time high in premarket trading and is set to hit a valuation of $945 billion or more on the back of its rosy earnings.

The chip designer’s shares extended their rally this year on Thursday, soaring 25%.

The Nvidia effect also spread through the chip sector and AI-focused firms, lifting stock markets from Japan to Europe.

Nvidia, the fifth-most valuable U.S. company, on Wednesday projected quarterly revenue more than 50% above Wall Street estimates and said it would have more supply of AI chips in the second half to meet a surge in demand.


Leave a Reply

Your email address will not be published.