Stock market: Chip manufacturer Nvidia breaks market value of two trillion dollars

Stock market: Chip manufacturer Nvidia breaks market value of two trillion dollars

Because of the current AI boom on the stock market, the value of the chip manufacturer Nvidia increased to over two trillion dollars. The deciding factor was a price increase of four percent to $822.79 per share.

Nvidia is only the third company to take part Wall Street, which exceeds this mark. Apple and Microsoft had previously achieved a market value of more than two trillion dollars, and Google parent Alphabet broke the mark during trading. Microsoft is currently worth more than three trillion dollars, Apple recently slipped back below the two trillion dollar mark.

Nvidia’s stock price is driven by the company’s near-monopoly on specialty chips for artificial intelligence applications. The company’s technology is usually used for the complex training of AI programs. In the first two months of the year alone, the price rose by more than 60 percent.

This article will continue to be updated.



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