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Nvidia Approaches Trillion-Dollar Status on AI Bet

By ET Bureau - May 26, 2023 1 Mins Read

Nvidia Approaches Trillion-Dollar Status on AI Bet

According to a report by Reuters, on Thursday, Nvidia Corp surged 24% in one of the biggest one-day gains in value for a U.S. stock after its stellar revenue prediction displayed that Wall Street has yet to price in the revolutionizing potential of AI.

After the surge, the company more than doubled the stock’s value for this year and increased its market capitalization by about USD 184 bn to nearly USD 939 billion.

Read More: Chip giant Nvidia nears trillion-dollar status on AI bet

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