Nvidia hits $2trillion valuation as AI surge hits top gear

Nvidia has hit $2 trillion in market value. Nvidia is being buoyed the surging demand for its chips that has powered the generative artificial intelligence boom.

The chipmaker had forecasted a bumper revenue that drove up its market value by $277 billion on Thursday, Wall Street’s largest one-day gain on record.

Nvidia has vaulted from $1 trillion to $2 trillion market value in just around nine months – the fastest among U.S. companies and in less than half the time it took tech giants Apple and Microsoft.

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