Nvidia Corp is set to become the first chipmaker to join the trillion-dollar club as it closes in on breaching the $1 trillion market capitalization.
Nvidia will joined other tech giants like Meta, Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com Inc are the club.
Nvidia’s shares rose about 25% last week sparking a rally in AI-related stocks and boosted other chipmakers, helping the Philadelphia SE Semiconductor index close on Friday at its highest in over a year.