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Nvidia joins $US1 trillion club after beating rivals to AI

Nvidia Corporation’s market valuation fleetingly crossed the $US1 trillion ($1.53 trillion) threshold after the chipmaker’s artificial intelligence prospects vaulted it into an elite club of just five American companies.

The stock rose as much as 7.7 per cent early in Tuesday’s session on Wall Street, putting Nvidia well into $US1 trillion territory, before retreating from the milestone during the afternoon.

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    Original URL: https://www.afr.com/technology/nvidia-joins-1-trillion-club-after-beating-rivals-to-ai-20230531-p5dcou